DE Shaw Has Shown Yet Again That Transparency is Not Its Strong Suit

The Big Apple-based hedge fund DE Shaw is known for its algorithm-based investment decisions, an unconventional funding approach, and the $50 billion that it has under management. But to those associated with the finance world, it is also known for its secrecy.

The firm’s sense of surreptitiousness has grown to the point where talking to any outsiders seems impossible, even when the discussion revolves around usual hedge fund practices.

However, with the recent actions that DE Shaw has taken, it seems like the approach also applies to its employees.

What Has DE Shaw Done This Time?

Those keeping tabs on DE Shaw would remember that the firm fired one of its star employees last year over the grounds of misconduct. The employee in question was none other than Daniel Michalow, a prominent partner at the hedge fund who also acted as its managing director.

Fast forward to 18 months later, DE Shaw took the uncanny decision to suddenly ask employees to sign noncompete contracts. According to the firm, this was a decision made for the company to follow standard industry practices. It gave employees the option to either sign the contracts by September 16, 2019 or take subject compensation and leave the firm.

What the firm failed to tell its employees was that the date coincidentally fell right after the day that Michalow’s non-compete expired. This meant that after 18 months of waiting, Michalow was free to approach talent from DE Shaw.

Putting two and two together, it isn’t difficult to see that DE Shaw was apparently taking the action to make sure its employees didn’t get to join hands with Michalow. But as is the company culture at DE Shaw, the company didn’t feel it right to be forthcoming to its employees. Now that the deadline has passed, it might be time for DE Shaw to clear the air. However, seeing the company’s past actions, that sort of a miracle is highly unlikely. All in all, the firm has once again demonstrated that transparency is not one of its strong suits.

Fortress Investment Group Has Been A Leader In Its Field For Two Decades

Fortress Investment Group was founded by Randal Nardone, Wes Edens and Rob Kauffman in 1998. These three men founded Fortress after accumulating a great deal of experience in the financial world. They came from backgrounds serving at well-known firms such as Goldman Sachs, UBS and Lehman Brothers. For the past two decades, Fortress Investment Group has been a leader in the field of alternative investments, and the firm continues to show the way for other companies.

After the company began in 1998, the firm grew at a rapid pace. The firm began with around $400 million under management, and that grew rapidly to a level of $4 billion. Fortress launched its first investment fund in 1998, and the firm began to invest in the real estate market in both New York and Toronto.

After spending several years with Fortress, Rob Kauffman decided to leave the company. He wanted to engage in his passion for racing cars. Peter Briger came into the firm as one of the principals.

By the mid-2000s, Fortress had opened up a number of funds for investors, and the firm had started to acquire other companies. It was one of the most successful companies in its field, and it decided to do something no one else had done. Fortress Investment Group made the decision to offer an IPO.

After Fortress tested the IPO waters, several other firms followed. Fortress continued to grow its assets under management, and the firm continued to acquire other companies. Fortress also began to open up to overseas investment opportunities looking to Japan as one of the primary points of its investments.

In 2017, Fortress Investment Group decided to go private once again, and the company agreed to be purchased by SoftBank for a price of over $3 billion. SoftBank agreed to allow Fortress to develop independently, and Peter Briger, Randal Nardone and Wes Edens were kept on as the major players within the company.

Fortress Investment Group continues to expand its credit and private equity lines of business. With the new association with SoftBank, Fortress is expected to focus more on its Asian investments in the future.

Sujit Choudhry and George Anderson on Territory and Power in Constitutional Transitions

A collection of essays titled, “Territory and Power in Constitutional Transitions” address the challenges facing constitutional creation, such as territorial disagreements. The essays specifically reference the crises in countries such as Myanmar, Yemen, and Libya.

The essay anthology includes 17 case studies of countries deliberating over the creation of constitutions, countries with diverse populations and distinctive political regions, and countries where territorial politics take a back seat to other affairs, and bi-communal countries. In addition to Libya, Myanmar, and Yemen, countries such as Iraq, Kenya, Spain, Nepal, Sri Lanka, Ukraine, and Cyprus are studied extensively.

For scholars of federalism, asymmetric devolution, devolution, and consociational democracies, this collection of essays provides extremely valuable insights. The essay anthology is joined by a policy paper authored by the illustrious Sujit Choudhry and Geroge Anderson, which provides insight into how the authoring of constitutions is impacted by territorial claims. The ultimate goal of each of the essays is to offer realistic policy recommendations within the scope of territorial and political cleavages.

Sujit Choudhry, editor of the collection of essays and author of the companion policy paper, is an internationally renowned authority on the complexities of comparative constitutional law, a barrister and solicitor, and an advisor of governance and constitution building. With a wealth of knowledge and experience in the field, Choudhry is a capable editor and commentator on all matters of constitutional law and territorial cleavages. His advisory experience includes countries like Tunisia, Sri Lanka, South Africa, Myanmar, Egypt, Jordan, Libya, Nepal, Yemen, Ukraine, and South Africa.

George Anderson, the former CEO of the Forum of Federations and a one-time deputy minister for the Canadian government, co-edited the collection and co-authored the policy paper alongside Choudhry. Anderson is a fellow at the Center for Democracy and Diversity at the Queen’s University in Canada.

The essay collection is sure to provide crucial information for policy authors and constitutional scholars for years to come.

Find out more here https://sujitchoudhry.com/advisory-work/

Fortress Investment Group Purchased Approved After All Conditions Met

It was announced at the end of 2017 that the proposed acquisition of Fortress Investment Group by SoftBank Group was complete. The transaction between the two companies was completed in cash for $3.3 billion. After the purchase was completed, every share of the investment firm belonged to SoftBank Group. The transaction that took place in December was approved by the shareholders of Fortress Investment Group along with meeting all of the applicable regulations. The price per share that was agreed upon was $8.08 and the stock of the company is no longer trading on the New York Stock Exchange. These terms were agreed to on July 12 of that year. As of December 27, 2017, the investment firm was considered consolidated by SoftBank Group. More Businesses at Fortress on fortress.com

SoftBank Group is headquartered in Tokyo, but the headquarters of Fortress Investment Group will remain in New York. The principals of the company, Peter Briger, Randy Nardone, and Wes Edens, are staying with it in the same leadership roles. Also, the culture, processes, personnel, business model, and brand will stay the same at the firm. One of the factors that led to the purchase of Fortress Investment Group by SoftBank was the strong track record that the company has shown since they were founded more than two decades ago in 2008. The global investment firm has a diverse portfolio and manages several billion dollars for its investors. The investment strategies that the firm uses include real estate, credit, private equity, permanent capital, and other investment vehicles.

The year following the acquisition of Fortress Investment Group proved to be a big one for the company that was working to adapt to integrating with SoftBank. They have been investing in large projects such as high-profile real estate deals in the middle of New York City. By not trading on the New York Stock Exchange, Fortress Investment Group has been able to make business decisions based on the long-term success of the company rather than the immediate satisfaction of shareholders that were looking for quick returns. It’s a business decision that other companies may end up following similarly as when they first went public.

Source: https://www.bloomberg.com/profile/company/FIG:US

Nitin Khanna Has A Simple Strategy To Success

Though Nitin Khanna has gained recognition for being an innovative entrepreneur in the tech industry, those are not his only talents. He is also a DJ, an Executive Producer, has made his own wine, and is a devoted family man.

The son of a military man, Khanna was born in India in 1971. He arrived in the United States at the young age of 17 to further his education. Khanna obtained an undergraduate and then a master’s degree from Purdue University, majoring in Industrial Engineering. He was in the middle of obtaining his Ph.D. in robotics when he decided to leave academia. Shortly thereafter, he started Saber Corp, a company that received much attention during the 2000 Presidential elections. In 2009, he began a mergers and acquisitions company called MergerTech and has been the CEO every since.

Because of his successful leadership in a number of companies, Khanna has solidified a work strategy that is simple, yet effective. The key is prioritization. Khanna adheres to the zero inbox philosophy, where no message or email goes unanswered for more than 24 hours. He begins his day at 5:30 am addressing any new messages received. This clears the rest of his morning to focus on the tasks for the day. He believes it is important to prioritize your schedule so that you don’t engage in things that are unproductive. Time is a commodity that Khanna values very much. “If a meeting can be done in five minutes there is no reason to take fifteen minutes.” Top executives know how to be efficient with their time by hiring people whose visions and expectations align with the company’s culture. Khanna firmly believes that what puts one company ahead of the competition is the people within the company. For example, his core instincts of strategizing and growth are complemented by his brother’s, who is more operationally minded.

Today, in between managing lucrative portfolios, Khanna also enjoys the family life. He has four children and always tries his best to keep 5:30 pm – 9:30 pm reserved just for them.

Click here for more information https://www.linkedin.com/in/nitinkhannaceo

Lincolnshire Management Divests Itself Of Holley

Lincolnshire Management has recently (October 2018) made public the sale of Holley Performance Products to a company affiliated to Sentinel Capital Partners. Lincolnshire Management held Holley for the last five years and experienced great success with the company during that period with revenues up 300% and earnings up 400% during that time period of ownership. The Sentinel Capital Partners affiliate merged Holley with another company (Driven Performance Brands) after the purchase from Lincolnshire Management.

Holley’s track record has been impeccable in the automotive aftermarket niche since 1903 with many recognizable brands in the industry. Brands such as: Diablosport, Quick Fuel Technologies, Earls, Mallory, Hays, Racepak, Weiand, NOS, Superchips, Edge, ACCEL, MSD, and Hooker headers. Holley has advertised Hooker headers on dragsters in NHRA events many times over the years and NOS has also had a big following in the retail sector.

Lincolnshire Management was founded in 1986 as a private equity firm in New York City. Lincolnshire Management has focused on controlling investments in the middle market sector of companies over the last 30 years with over 85 acquisitions made during their time in business. Lincolnshire Management’s reach is through a wide scope of different markets and sectors with different industries represented in their portfolio. Their current portfolio consists of: Allison Marine, Dalbo Holdings Inc, Desch Plantpak, Latite, Nursery Supplies Inc, and True Temper Sports.

Here is a small sample of companies that Lincolnshire Management has invested in over the years: Williams Machine and Tools, Wabash, Transcraft, SMI/NexCycle, Sight and Sound Distributing, Prince Sports, Polaris Pool Systems, Patterson Gear and Machine, PADI, National Pen, Linq Industrial Fabrics, Holley, Fabric Group, Excelsior Radio Networks/Triton Media, Cutters, Custom Alloy, Credentials Services International, Bankruptcy Management Solutions, Automatic Bar Controls, Amports, American Coach Lines, Alaska Clubs, Aerosim, and 3SI Security Systems.

See Lincolnshire Management portfolio http://www.lincolnshiremgmt.com/portfolio/

MergerTech Has Nitin Khanna To Thank For Its Success

Nitin Khanna is an American entrepreneur who was born in India. He has always been an ambitious businessman and knew that technology would be the way of the future when he was younger. He worked with Oracle Corporation in his early days but decided to split off from the company and create his own business. He teamed up with his brother to do so, and they founded Saber Corporation together. He was only 25 years old when he started his first company, but he was able to find success pretty quickly.

Nitin Khanna helped to grow Saber up into a company that was paying more than 1,200 employees. Saber created software that has helped many states during their election cycles. This all began during the election campaign in 2000 when Al Gore ran against George Bush. Saber was making around $120 million in revenue when Khanna made the decision to sale it to EDS. He ended up getting $460 million for the company and continued to work with Saber for another year after this. When he finally left the company, it was bringing in two and half times the amount of revenue than it was just a year before.

After this, Nitin Khanna went on to build MergerTech, which is a mergers and acquisitions advisory firm that works with tech entrepreneurs and startups. Khanna realized, early on, that tech companies based in the United States are worth more than tech companies based elsewhere. This has been a key to helping these companies to find international buyers who are willing to pay more.

Nitin Khanna is the chief executive officer of Mergertech, which works in the M&A sector and advises entrepreneurs and tech companies. He also serves as the CEO of Saber Corp., which has been in operation since 1998. Saber received awards in the mid 2000s for being one of the #1 fastest growing companies in Oregon and was also honored with the Deloitte Fast 500 award. Khanna also worked with Cura Cannabis Solutions until 2018 and continues to invest in the cannabis sector. He earned his bachelor’s degree and master’s degree in engineering while attending Purdue University in Portland.

Connect with Nitin here https://twitter.com/n_khanna?lang=en

Gareth Henry: Key Tips On Propelling Your Career Forward

Gareth Henry is one of the people who was able to utilize his exquisite skill in Mathematics to advance and become a prominent figure in the investment industry. Gareth has utilized his prowess in Mathematics to elevate his game in the world of hedge funds and private equity. Gareth Henry is the Global Head of Investor Relations for multiple US Based Alternative Investment Managers. Gareth utilizes his expertise in multiple industries to produce the best results for his clients.

Gareth has extensive experience working with a lot of big companies – and this has helped him build his foundation and widen his network. Gareth rendered his services as the Director of Strategic Solutions for Schroders PLC. Gareth also served as the Head of International Investor Relations for Fortress Investment Group. He also worked at Fortress as the Global Head of International Relations.

Gareth punctuates on the importance of mentorship in building ones career. He says that mentors can bless you with tons of knowledge and valuable experience that can separate your name from the pool. Knowledge and experience that was accumulated for years – will be taught to you at a relatively shorter period of time. Gareth Henry has personally hired multiple mentors to widen his knowledge – he also punctuates that it is important to hire mentors from other fields that are separate but relevant to your career. This will give you different perspectives and different sets os skills that you can be able to use for your own career. Mentors, more than the knowledge that they can provide you, they also unlock an exponentially wider network of valuable and important people that you can use as future connections to heighten your value and propel your career forward.

Gareth Henry makes sure that he is always doing something that is geared towards his career and life goals. No matter how small – he makes it a point that he makes progress every day. Gareth punctuates that completing activities opens up opportunities and platforms that you can use to further accomplish more things that will take you one step closer to your goals. It is also very important to meditate and be very mindful of your environment and how you interact with it.

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Matt Badiali: Helping Common People Understand The Investment Potential In The Mining Industry

Matt garded as an incredibly valuable member of the industry and is someone who is considered to have an extensive pool of knowledge with regards to these sectors.

Matt Badiali attained a degree in science from Penn State University and then went on to gain an additional qualification from the Florida Atlantic University. After completing his education, he decided to start working in the field of finance. This was a route that would lead him to many successful ventures and is something that led him towards a path of growth and positive development. While working in the field, Badiali also had a keen interest in science and geology. This interest in the subject led him towards being able to recognize the potential that stood in mining industries.

Matt Badiali soon realized that even though there was an incredible amount of potential within the mining industry, not many people opted to invest in it. The main reason for this was because of the lack of information prevalent about this sector, and the lack of information that can be easily attained. To this effect, Badiali decided to be the one to impart this education and decided to help those who were interested in making good profits.

Badiali knew that average people looking to invest don’t always have extensive knowledge about the sector. They often need information that is easy to understand, and which doesn’t overcomplicate things. Keeping this in mind, Matt Badiali decided to start his own newsletter known as Real Wealth Strategist that would focus on strategies that ordinary people could implement to improve their wealth. The newsletter was published under Banyan Hill Publishing and received an incredible response from people who were interested in new investment ventures that they could undertake.

Badiali believes that the mining and energy industry is set to see an incredible boom over the next few years, which is what makes them such good investments in the present. The manner in which people can invest in this sector is laid out well in the newsletter, so as to help the common people understand the potential that lies here. Real Wealth Strategist: Marijuana Investment Symposium By Matt Badiali

Learn more about Matt

Michael Nierenberg Believes in Creating Change with Businesses

When Michael Nierenberg works with a business or even an individual with investment opportunities, he knows there’s a lot of value in helping people with positive changes. He also feels there are things that might make it easier for him to help people invest so he uses that to show them they can try different things. The investment industry is different because of Michael Nierenberg’s commitment to it and that’s what pushes him to help others get all the options they need. By focusing on change and always giving people a chance to see how things can get better, he knows what he’s doing and how it makes a difference for the people he works with. Michael Nierenberg also believes he can show people the right opportunities to make investments better as long as he’s doing everything the right way for the future. It’s a difficult job, but Michael Nierenberg relies on the positive choices he can make for the future.

Even though there are some things that might cause Michael Nierenberg to want to change, he feels good about what he’s giving others and how he can make it easier for them to get what they want. It’s also a way for the industry to keep changing and improving because Michael Nierenberg knows a lot about what he can do. There are things that will help Michael Nierenberg focus on how he’s going to bring attention to the people who can see how the business changes.

Michael Nierenberg always knew helping a company as a CEO would be the best opportunity for him to succeed. He had a lot of hope for the future and for what he could do with his own company to run. When he began working as the CEO for the New Residential Investment Corporation, Michael Nierenberg knew he was making all the right choices. He also felt he was doing everything the right way for the clients the company had. It wasn’t always easy, but Michael Nierenberg felt he had a good idea of what it would take to keep getting better with the business opportunities.

To know more click: here.