Experienced Investor Wes Edens Doubles Up as an Investment Manager

Edens is an investor and businessman who co-owns NBA franchise, Milwaukee Bucks. Wes Edens co-owns the team, with Marc Lasry, which they collaboratively acquired in 2014 for $550 million. Wes pledged to retain the team base at Wisconsin in addition to building a new arena to replace the current BMO Harris Bradley Center.In 2016, Wes Edens bought a spot at the Cloud9 Challenger’s League Championship for two and a half million dollars. This included four team players’ contracts which accounted for $700,000 of the total amount. The four contract rights are of the one-time Cloud9 players namely; support Daerek “LemonNation” Hart, AD carry Johnny “Altec” Ru, mid laner Hai “Hai” Lam and top laner An “BalIs” Van Le.

The New York Times approximate a $54.4 million take-home value for Wes Edens per year, a figure that includes his compensation at Fortress of $13.4 million per year. He is the group’s president, Chief Executive Officer, private equity investment officer, and chairman.Wes co-established Fortress Investment Group with Robert Kauffman, Randal Nardone, Peter Brigerz and Michael Edward Novogratz in 1998.Mr. Edens received a Bachelor of Science in Finance and Business Administration from Oregon State University.Fortress Investment Group is an over $70 billion alternative asset management firm with the main office in the city of New York and branches around the globe. As the president of the company’s private equity, he has focused mostly on investments transportation and infrastructure, financial services, healthcare services, real estate and broadcasting.

Previously Wes Edens served as the CEO of various enterprises such as Newcastle Holdings (2002-2007), Eurocastle Investment Ltd, Global Signal Inc. (2002-2006), and Capstead Mortgage Corp (2000-2003). He served as an MD in different corporations rising to become CEO on various occasions. His numerous positions make him resourceful with extensive investment knowledge and experience in his long career and as an investor and investment manager. From his early days, Wes Edens has been creative in his ways. He was in charge when Fortress successfully gave its IPO. Wes has seen the firm’s portfolio develop both in publicly traded investments and in private equity. In 2017, he oversaw Fortress create its own professional video gaming team, FlyQuest, to compete in the League of Legends Championship.He is a trustee of the U.S. Ski and Snowboard Team Foundation. Currently, he serves as the chairman of the board of OneMain Holdings, Inc., Springfield Finance Corporation, New Media Investment Group Inc., and Florida East Coast Holdings Corp.