Wes Edens Prefer Investing in Small Companies

Wes Edens grew up in a ranch with loving parents. His father was a psychologist while his mother a school teacher. During his time, few people had televisions hence children spent time outdoors. After finishing homework, Wes Edens would go outside to play with friends. He learned how to ski in his teens. He attended Oregon State University and in 1984, graduated with a bachelor’s degree in finance and business administration. He was employed by a small bank in San Francisco and later moved to New York to look for a better job.

He was employed by Lehman Brothers for a while and later moved to Blackrock. He became a managing director for Blackrock. He moved with some colleagues to start Fortress Investment Group in 1998. Wes Edens admits that it was difficult at first when they started but things improved after a while. He credits good customer relations as the reason for their success. They sought customers’ opinions on services they wanted.

Wes Edens is the co-owner of the Milwaukee Bucks. He is also the co-founder of Fortress Investment Group. He likes taking risks and investing in Milwaukee Bucks was one of them. Milwaukee Bucks is a basketball team that has not won a league in more than a decade. Despite its poor performance, Wes bought a majority of stake of the team. Moreover, he also invested in Aston Villa, a struggling soccer club.

Many people think that it was a bad idea to invest in the soccer club but Edens this different. He stated that he believed in the team and would do everything possible to revive it. He sees things differently. His ability to view things at a different angle made him unique at Fortress Investment Group. He co-founded the group in 1998 and is still the CEO.

Wes Edens decided to invest in Springleaf Holding in 2010. He bought a majority of stakes at 124 million dollars. He benefitted when the stakes’ value increased by 3.5 billion dollars. He shifted his focus from pure investment to creating infrastructure and building companies.

Contact Wes Edens: www.industrialareasfoundation.org/topics/wes-edens

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