Fortress Investment Group’s Board of Directors Co-Chairman and Principal, Peter Briger is a living legend in the alternative asset management sector. Today, he heads one of the best global management firms for alternative assets. His achievements and accomplishments in business through the years have earned him position 317 in the Forbes Top 400 Billionaires list. These are many spots up from No. 962 four years earlier. As a business leader, Peter is loved by his employees and colleagues. To them, he is famously known as Pete.
Mr. Briger at Fortress Investment
This accomplished alternative asset manager joined the Fortress Investment Group back in 2002 as a Management Committee member. He worked at this position diligently and was promoted to a Director position in 2006. In August 2009, he became the Board’s Co-Chairman, and soon after, he went ahead to become the Credit and Real Estate Head and principal at this firm.Before joining Fortress Investment Group, Peter Briger was working at Goldman Sachs for over 15 years. Here, he served as the Trading Businesses and Whole Loans Sales Co-head. He also worked in the same position in other departments including the Fixed Income Principal Investments Group, Asian Distressed Debt business and Asian Real Estate Private Equity business.
Prior to Goldman Sachs, The Fortress Investment Group Principal had worked at International Finance Corporation as a Distressed Debt Advisor. Early in his career, he was a member of Linktone Ltd. Advisory board. Academically, Mr. Briger attended Princeton University where he graduated with a B.A. He then joined University of Pennsylvania’s Wharton School of Business for his M.B.A. Apart from being a sharp business person, Peter is also a philanthropist. His philanthropic efforts are directed towards uplifting communities and promoting education. He is currently one of the biggest donors to the revolutionary Princeton Entrepreneurship program. As a financial investor, Peter Briger is dedicated to helping create professional and highly capable leaders for the business world.
Peter’s take on Bitcoins
It is no doubt the Bitcoin virtual currency is taking the world by a storm, and from its onset, Mr. Briger has been a big believer in its potential. Back in 2013, he and his Fortress Investment Group had a sit-down with the major American banks to discuss the direction and impact of bitcoins. He encouraged these banks to take Bitcoins seriously and be part of the movement to stay relevant in the future. Today, he still believes that Bitcoins are simply a digital goldmine. Peter Briger is leading other Wall Street giants over to this goldmine, and he has successfully impacted many.
Keith Mann is the Managing Director and CEO of Dynamic Search Partners, the company he co-founded. Dynamic Search Partners specializes in alternative investments and hedge funds, giving major equity firms executive search services and alternative staffing needs. He began his career as the Manager of the Alternative Investment Divisions with Dynamics Associates, where he quickly rose to becoming Vice President. Keith Mann has more than 15 years of experience in the hedge fund, staffing, and hiring industry.
Since its founding, Dynamic Search Partners has filled over 2,000 client mandates and have expanded their operations beyond staffing investment positions. The firm is respected as a leader in having one of the largest databases of investment executives in the nation. After he rose up the ladder in Dynamics Executive Search, he identified the hedge fund industry as an industry that was undeserved. Thus he created the Alternative Investment Practice with Dynamics Executive Search in 2002. In 2006, he co-founded Dynamics Search Partners, dedicated to alternative investment firms.
The firm works with clients in the U.S., Europe, and Asia, filling over 200 client mandates per year. As CEO, he attributes some of his success to the company’s ability to incorporate technology in everything they do. The firm created an online portal for their clients, becoming a spectacular time saver for the firm. Technology has made the lives of the firm’s employees much easier and has become a great strategy for the firm.
Keith Mann aims to help other people reach their personal success. In 2016, he announced the launch of a scholarship called the Keith and Keely Mann Scholarship for Professional Achievement. This award was designed to help the next generation of innovative business leaders. Partnering with Uncommon Schools, a charter management organization, Keith Mann will implement this opportunity to be available to one graduating senior every year and one of the Uncommon Schools’ high schools, based in Brooklyn. This scholarship is aimed to assist at least one student in achieving their four-year college goals.
It appears that the legal troubles of Laidlaw & Company won’t be ending anytime soon. Despite the best efforts of its principals, Matthew Eitner and James Ahern, the public is becoming increasingly aware of their misguided corporate antics. This is primarily due to the protracted legal battle between Laidlaw & Company and one of its former associates, Relmada Technologies.
In a way, it’s ironic that all of Matthew Eitner and James Ahern’s actions would come back to haunt them in this way, since it was a campaign of misinformation against Relmada Technologies that got them into trouble in the first place. As it turns out, underhanded tactics are not a good method for instilling public trust, or improving the public’s opinion of your company after a major lawsuit has been filed against you.
For those who simply aren’t aware of the legal battle between Laidlaw & Company and Relmada Technologies, it originally began several years ago. At the time, Relmada Technologies was using Laidlaw & Company’s services as their investment banker. Through this capacity, Laidlaw & Company attempted to overthrow Relmada’s existing board of directors and demand the power to appoint their own members instead. While fights of this nature aren’t entirely uncommon between large firms, what is unusual is the manner in which Ahern and Eitner attempted to “win.”
While the two companies were expected to reach some sort of amicable agreement, Ahern and Eitner decided to release a public statement that essentially put into question Relmada’s future, as well as calling into question their judgment thus far. When Relmada responded with a lawsuit, a federal court ruled in their favor with an initial restraining order.
With Relmada Technologies making an amendment to its original lawsuit, it looks as though there is a clear winner in this fight, and it’s certainly not Matthew Eitner or James Ahern.