Investment Guru: Wesley Edens
Wesley Edens co-founded Fortress Investment Group in 1998 and has been a member of its Management Committee ever since. He also currently holds the title of Co-Chief Executive Officer; holding the responsibility over the private equity and publicly traded investments. Fortress Investment Group is a global investment company who, as of the end of 2017, had over $43.6 billion in assets.Prior to 1998, Edens held positions that gave him the experience necessary to co-find Fortress. Wesley Edens was responsible over the asset investors and the private equity fund at BlackRock Financial Management where he served as both the managing director and a partner.
Before joining the BlackRock team, Edens was a partner and managing director of Lehman Brothers.Wesley Edens earned his Bachelors of Science in Finance from Oregon State University.In addition to his work at Fortress Investment Group. Wesley Edens is a co-owner of the Milwaukee Bucks, an NBA basketball team based out of Wisconsin. Edens purchased the team in 2014 with Mark Lasry from Herb Kohl for roughly $550 million. As it turns out, this was a great investment for Edens because today the team’s estimated worth is over $1 billion.Wesley Edens takes his responsibility as co-owner of the Bucks very seriously.
Of course, he keeps close tabs on his players while they are on the court, but also while they are off the court. He wants and encourages his players to turn to him for advice when it comes to managing their contracts that are often worth millions of dollars.Edens wants to ensure that when his players retire, they don’t have financial trouble like so many other players. In 2017, Wesley Edens launched FlyQuest an new eSports brand. The League of Legends was the only eSports team that FlyQuest had when it initially launched. The League of Legends was purchased for $2.5 million from Cloud9. FlyQuest was set to begin competing in January in the North American League Championship.