Wesley Edens is the co founder, Principal and co chief executive officer of the financial services firm Fortress Investment Group. He is a member of the board of directors as well as being part of the firm’s management committee. As one of the top executives of the firm Wes specializes in managing private equity securities along with managing hedge funds. As well as being a finance professional, Wes Edens is also a co owner of the Milwaukee Buck basketball team. He also has an ownership stake in the League of Legends team known as FlyQuest.Edens attended Oregon State University where he would complete a bachelor’s degree in finance and business administration in 1984. After finishing college, Wes would begin his career in finance at Lehman Brothers and BlackRock. From 1987 to 1993, Edens would serve as a partner and managing director. He would also work in the private equity division of the firm BlackRock Asset Investors. At this firm he would serve as the managing director and partner until the year 1997.
In 1998, Wes Edens would co found Fortress Investment Group. Edens would help start up the firm as one of five original partners. Today he serves as one of the three. As the co founder of Fortress Investment Group, Wes Edens established a reputation as a finance professional who emphasizes creative financing and building business from investment options. His contrarian approach has helped him put together one of the top financial services firms in the world as a result. In February of 2007, he helped the firm complete a buyout as a publicly traded firm.As well as being the co founder of Fortress Investment Group, Edens would also purchase Springleaf Financial Services. This was a subprime lender of American General Finance. This purchase made Fortress the majority stakeholder of Springfield. By 2015, the company’s value reached $3.5 billion. Over the years, the firms’ value would continue to increase and it is now among the most valuable and profitable in the subprime lending sector.
Another company that Edens would start up is Nationstar Mortgage where he serves as its chairman. This was another subprime home equity mortgage lender. Edens acquired this firm for $575 million in 2006.Over the course of his carer, Wes Edens has established himself as a successful entrepreneur in the field of finance. By co founding Fortress Investment Group and acquiring lending companies, he has been able to put together an impressive group of businesses. He has helped build and expand these companies which has allowed them to become among the best in their respective industry.long with being a finance professional and entrepreneur, Wes Edens is also a part owner of an NBA basketball team. He currently owns the Milwaukee Bucks. As the owner of the Bucks, he has helped get them a new arena in order to give fans a new state of the art facility to enjoy games. This has also allowed the team to increase revenues and be more competitive.