Peter is starring at Fortress Investment group. He serves as co-chairman of the B.O.D as well as Principal. Since 2006, Peter Briger worked as a member of the B.O.D at Fortress. It was until August 2009 when Peter became co-chairman of the firm. Briger has also worked as a member of Fortress Management Committee from March 2002. At the moment, Briger performs real estate and credit undertakings at Fortress Group.
Briger worked fifteen years at Goldman, Sachs & Co before teaming up with Fortress in 2002. Management at Fortress is not the only activities Briger undertakes. Currently, he functions on Tipping Point Board. It is a non-profit organization catering to destitute San Francisco families. He is also serving on Caliber schools Board. A nexus of patent schools which aids student for preparation for college years and life. Read the article at bizjournals.com to learn more about Peter Briger.
Fortress Investment Group
Fortress is an investment management consortium. The company launched in 1998 as a private equity firm. The co-founders were Randal Nardone, Wesley R. Edens, and Rob Kauffman. When the company started expanding into hedge funds and real-estate investments both Peter Briger and Michael Novogratz joined. The two worked as partners at Goldman Sachs before management position at Fortress.
Fortress IPO debuted in 2007 on the NYSE public markets. It is such an event that made Peter Briger a billionaire. During the time, Peter accumulated 66 million shares with an estimation of over 2 billion. This apex later receded after the 74% stock drop. Presently, Briger has beyond 44 million shares valuing at $350 million. Although this appears as a hefty net descent, it is in fact not the case at all.
Peter Briger still enjoys investing, particularly in assets. In fact, there is a secret society for those fascinated by trading. Over the years, Peter has gradually worked his way up in the indistinct realm.
After some time, the company experienced crises. Peter was lucky to ace gold. The banks and government had taken action of selling non-performing liquid assets. Peter Briger seized the opportunity and grubbed the assets. Even up to now, Peter is yielding the breakthrough of his undertakings. Peter foresees a bright future especially now things have stabilized.