Monthly Archives: April 2018

CONTRIBUTION OF RANDAL NARDONE TO FORTRESS INVESTMENT GROUP

In 2011, Fortress investment group appointed Randal Nardone as their interim chief executive officer after suspension of Dan Mudd. Mudd was sued by Securities and Exchange Commission for purportedly misleading the public and investors about mortgage loans when he was the Chief executive officer of Fannie Mae. Before his appointment, he had graced the list of “world’s billionaires” in Forbes magazine with an approximated net worth of $1.8 billion. He joined Fortress investment group in 1998 as one of its principle and co-founder. Due to diverse and extensive credit, management expertise, and extensive experience as a director and officer of public companies led to his appointment as a director of Fortress Investment Company.

Nardone became a billionaire in early 2007 after the IPO of the company as a part of “Fortress five”. Since November 2006, he has served as the investment firm as a board of directors member. However, he was appointed officially to head the firm in August 2013.His previous experience includes working as a BlackRock Financial Management principal, and a managing director of UBS before joining the Swiss banking firm.Randal Nardone is a co-founder, chief executive officer, director and principal at Fortress investment group. He is a principal and co-founder of FM Macro advisors. He also serves as secretary and vice president of Newcastle investment holdings. He also served as a member of executive and partner at the Thacher Proffitt law firm. Nardone studied and received an undergraduate degree in biology and English at the University of Connecticut. He obtained a J.D from the school of law, Boston University.

In December 2017, the SoftBank Group Corporation (SBG) announced that they had completed the acquisition of Fortress Investment Group at a fee of $3.3 billion. The completion followed the satisfaction of the conditions including the transaction approved by the Fortress shareholders and receipt of the necessary approvals.After the acquisition, each outstanding share of class A was converted on a ration of $8.08 per share. On the other side, the merger proceeds were to distribute according to the payment procedures that were outlined in the Fortress Definitive Proxy and the merger agreement. The financial statements of the two firms were consolidated on December 27, 2017, following the merger.The fortress was to operate under SoftBank although as an independent business which had its headquarters in New York. Fortress principals Wes Edens, Pete Briger and Randy Nardone, were to continue leading Fortress. SoftBank continues to be committed to maintaining business model, processes, leadership and culture that have fueled the success of Fortress up to date.

The Environmental Management Of OSI Food Solutions Honors Them With The Globe Of Honour

The United Kingdom division of OSI Food Solutions has received the British Safety Council’s Globe of Honour Award for exceptionally managing environmental risks. The award presentation took place on November 25th of 2016 during a lovely luncheon. The event was held in London at Drapers Hall. The Globe of Honour was presented to eighteen organizations throughout the world demonstrating exceptional environmental management.

There are necessary qualifications for becoming a competitor for the Globe of Honour. The organization must have already established the British Safety Council’s five star rating for their audit scheme regarding environmental management between August of 2015 and July of 2016. The company must also effectively demonstrate their businesses excellent application of environmental management from the boardroom to the floor of the shop to an independent panel of experts.

As the current Chair for the British Safety Council, Lynda Armstrong gave her sincere congratulations on behalf of the staff and trustees of the organization. Her congratulations were for OSI Food Solutions UK Ltd for the 2016 win for the Globe of Honour. She spoke of this prestigious award and the company’s excellent management of environmental risks. She stated she took great pleasure in presenting the winners for the year with the Globe of Honour. She mentioned the integrated approach being adopted by more and more of the leading organizations. She stated this placed protecting the environment on the same footing as safety and health because their operations were much more sustainable.

As the British Safety Council’s Chief Executive, Mike Robinson presented Kelly Grimwood with the award. She is the Environmental Manager Europe for OSI Food Solutions. She talked about the main factor in the achievement of excellence being leadership. She said compliance could be legislated for but excellence has to be inspired. She stated every organization receiving the Globe of Honour Award was an outstanding example of the best possible practices. She was certain there were many inspirational stories to be shared regarding the achievement of this award. The OSI’s Scunthorpe production location began operating in the United Kingdom in 1989. They produce pork and beef products for the restaurant sector. OSI Food Solutions also received the Globe of Honour in 2013 and 2015.

OSI Food Solutions offers excellent full time employment and careers. The company is globally oriented and requires employees with both motivation and talent to work together to provide their customers with value. Numerous employee reviews have state the company feels like a family and treats their employees extremely well.

For More info: www.forbes.com/companies/osi-group/

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Robert Ivy: Lifetime Achievement Award Recipient

Last April 11, 2018, in Washington, D.C, Robert Ivy was awarded the Noel Polk Lifetime Achievement Award. This honorary title was given by the Mississippi Institute of Arts and Letters (MIAL). Robert Ivy is currently the EVP of American Institute of Architects and Chief Executive Officer of FAIA.

This is the first instance that an architect has received the aforementioned prestigious award. The Noel Polk Lifetime Achievement Award is given to Mississippi-based artists and art patrons whose works signified a lifetime of creativity, performance and supporting the art industry of the state. Along with Robert Ivy are other notable public figures such as Morgan Freeman who was awarded in 2007, Eudora Welty who was recognized for her writings in 2001, Shelby Foote in 2004, as well as late artists Walter Anderson and Leontyne Prince.

Follow Robert Ivy on Twitter

According to MIAL President Nancy LaForge, she believes that Robert Ivy has made architecture more accessible to residents in Mississippi. She appreciates Mr. Ivy’s dedication and passion for the field. Robert Ivy is presently a writer, commentator, and author in international architecture, and Nancy LaForge believes that it is high time that he would be receiving his much-deserved award.

Mr. Robert Ivy, on the other hand, was honored to be part of the Noel Polk honorees. AIA President Carl Elefante also expressed his insights about Mr. Robert Ivy. Mr. Elefante believes that Mr. Ivy’s work for the AIA as CEO since 2011 has brought him to be a worthy ambassador for the architecture industry and a recipient of the said award. He mentioned that the Noel Polk Lifetime Achievement Award is a crowning achievement both in Mr. Ivy’s personal and professional life. What makes it more special is that this award is given to him as a native of Mississippi, which is truly a unique honor.

About Robert Ivy
Mr. Robert Ivy is a known figure in the architecture industry. He was previously hailed as McGraw Hill’s Editor-In-Chief. Through his expertise, he also led McGraw Hill’s construction and design in several international partnerships.

During his time at the AIA, Mr. Ivy has grown the influence of the company, which recently achieved its highest membership level from its 160 years of existence. Many of America’s architects are working as professionals globally, and they are being helped by either of the seven headquarters of AIA, which included newly established ones in China and Canada.

Mr. Ivy received his Bachelor of Arts in English at the University of the South, Sewane. He proceeded to attend Tulane University where he received his Master of Architecture. He also served in the US Navy.

Learn more about Robert Ivy: http://www.architectmagazine.com/awards/robert-ivy-receives-noel-polk-lifetime-achievement-award_o

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Jason Hope, Life And Technology

When one talks of anti-aging facial creams and antioxidants might come to mind, but the reality is most of those products help superficially. They don’t get down to the causes of aging, and with people like Jason Hope and the SENS Foundation, all of that is about to change.

Jason Hope, an Arizona native, graduated from Arizona State University where he studied finance and business administration. He would become a highly sought-after investor and futurist with a knack for identifying market trends. Most notably is his involvement with the SENS Foundation (SENS standing for Strategies For Engineering Negligible Senescence). The latter part of their name is the characteristic of an organism whose age doesn’t determine when they die. The best examples of these would be tortures and hydra.x

SENS hopes to develop what are called AGE-Breaker treatments, which target the end product of advanced glycation. These waste products or AGEs are what cause our muscles and skin to break down with age, and could be the secret we’ve been missing all this time. Research carried out on specific cancers, Alzheimer’s, lung and heart disease will help us better understand their effects on the body.x

The next step is to figure out we could remove glucospane from tissue, and therefore developing effective AGE-Breaker treatments.

Luckily, Jason Hope isn’t the only one interested, with the resources to invest. Many others have taken interested in the work that SENS is doing. For example, since 2010 Jason Hope has given more than a million dollars, alongside others in similar organizations aiding in the research. The co-founders of Google have invested over $100 million into Genentech.

Jason Hope though is well versed in technology, and his interests go well beyond anti-aging.x

Not only does he invest in rejuvenation biotechnology, but also technology as a whole. More specifically he is hugely passionate about IoT (Internet of Things) and has far-ranging theories as to where they will take us. Jason Hope jas openly expresses his concerns around security in addition to ways to ensure IoT remain wide-ranging and genuinely connected. The whole premise of IoT is a hyper-connected, which seems to be the next logical step for technology. Scottsdale Philanthropist Jason Hope Helps Pioneering Nonprofit Fight Aging

We’ve gone from a low dial-up, and communicating via text to sending and streaming video across the web. As of a few years ago, small connected devices have sprung up in the market, allowing is to make our houses more connected than ever. Jason Hope Pledges $500,000

For long healthy lives to our interconnectedness, this is just the beginning.

 

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Sahm Adrangi and Kerrisdale Capital on the Proteostasis Therapeutics’ drug

Sahm Adrangi and Kerrisdale Capital on the Proteostasis Therapeutics’ drug

Be introduced to 33-year-old Sahm Adrangi, the founder, and CIO of Kerrisdale Capital Management LLC which is a New York-based company. Kerrisdale Capital is an investment manager that is committed to long-term investments and shares its investment views with the more extensive investment community. He is a generalist who’s investments are value driven. Also, he has worked for Longacre Fund Management LLC, Chain Capital Partners, and Deutsche Bank’s leveraged finance investment banking. He attended the Yale University and received a bachelor of arts in economics.

Sahm Adrangi’s company, Kerrisdale Capital, issued a negative report on Proteostasis Therapeutics and announced a conference-call. Proteostasis Therapeutics is a clinical biopharmaceutical firm and their top drug, PTI-428, focuses on curing the genetic disorder cystic fibrosis. The firm claimed that the drug in some way increased the levels of the messenger RNA and protein consistent with the CFTR gene which malfunctions in people suffering from the disease thus resulting in fatal symptoms. Clinical data show that this drug is ineffectual.

The supposed success of the drug in its proof-of-concept trials emanates from the peculiar underperformance of the 4-person placebo group. Also, people taking the medication hardly improved. Sahm Adrangi and his company believe that the deception of the drug’s performance will fade away. Also, the drug wasn’t able to deliver convincing effectiveness results in a previous trial. Proteostasis had also planned to study on many matters, for example, the patient-reported health satisfaction, it is a mystery how the studies have never been discussed.

Sahm Adrangi’s company believes that Proteostasis has a tendency of doing away with disagreeable and unclear findings. A semi-independent team of researchers carried out an in vitro study on PTI-428, a study which produced alarmingly weak results. Proteostasis did not acknowledge this results. The drug does not work as projected and does to a limited degree anything of value in the world.

http://nymag.com/news/business/boom-brands/sam-adrangi-kerrisdale-capital-2013-10/

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OSI Group Builds Success Through Expansion and Incredible Customer Service:

Global food processing and distribution company OSI Group is well known for supplying products to some of the biggest food service companies in the world. OSI counts well-known entities such as McDonald’s and KFC among its longtime clients. The food giant started out as a local meat market in Oak Park, Illinois back in 1909. German immigrant Otto Kolschowsky founded OSI Group under the name Otto & Sons and eventually moved into the business of wholesale food distribution. His Otto & Sons company received a huge boost to its business when it acquired the very first contract for the Midwestern expansion of McDonald’s Restaurants in 1955. 1970 saw the arrival of future CEO Sheldon Lavin who has led a massive campaign of national and global expansion over the past 40 plus years. Since the 1970s there have been major changes with the company. For starters, the name was changed to OSI Group in 1975. Expansion across North America soon followed. Soon, OSI was operating in Europe, Asia, and South America. The company of today boasts a global footprint of 80 facilities spread out across 17 different countries. OSI has always and continues to maintain a mantra of growth, expansion and improvement and this has been made apparent with some recent developments within the company.

OSI Upgrades Facilities Domestically and Internationally:

OSI recently took steps to dramatically increase production of processed food in two of its key markets. On the American homefront, a new facility has opened under the OSI banner in Chicago. OSI has purchased the former Tyson food plant and is now operating it under their banner. OSI now has two Chicago area facilities right in its corporate backyard of Aurora, Illinois. The expectation with this acquisition is that production in the Chicago market will double. OSI also made a huge investment in their facility in Toledo, Spain, the result of which has seen a doubling in the production of processed chicken. This is a major upgrade to OSI’s European profile and is certain to help OSI continue in its ongoing mission to provide the very best in customer service.

OSI Acquires Two Major European Food Outfits:

Flagship Europe and Baho Food have joined the OSI Group banner. The expanded line of products that OSI will be able to offer in its European market as a result of these acquisitions is sure to attract plenty of new clients as well as offering exciting new options to OSI Group’s existing base of loyal customers.

 

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Rodrigo Terpins: Racing at the 25th Sertoes Rally

Rodrigo Terpins is one of the rising stars of rally driving in Brazil. He is from a sports-loving family, with his father, Jack Terpins, being a former professional basketball player in the country. He is the older brother of Michel Terpins, and together, they’ve dreamed of becoming a professional rally driver someday. Their father would always tell them that they should work on their dreams, and they should not stop from working hard to fulfill it. Rodrigo Terpins grew up on the encouragement from his father, and when he reached the legal age to drive, he started to use their family vehicle to practice, until he mastered the skill. For more details visit Crunchbase.

 

 

Rodrigo Terpins started joining events locally and internationally, and he ends up winning the competition. One of his most favorite events in Brazil is the Sertoes Rally, happening each year. He has been working hard to attain the championship recognition from the event, and he even set up a team that would join different activities within the Sertoes Rally. He called the team as the Bull Sertoes Rally Team, and the first recruits were his brother and two other friends. The team, created in 2015, keeps on reaching the finals, being rewarded for their excellent racing skills. You can check out Vimeo for more videos.

 

 

This year, Sertoes Rally will be opening the 25th edition of the events. They have invited hundreds of racers from around the world, and the number of participants for this year’s event is expected to reach 200 individuals. The number of vehicles projected to be joining this year’s Sertoes Rally is numbered at 100. Despite the huge number of competitors that would face off during this year’s Sertoes Rally, Rodrigo Terpins remained confident that his team will be able to take the championship recognition back home. He is trusting his teammates who would be racing on a 2,600 kilometer-long route situated in the mid-western region of Brazil. For Rodrigo Terpins, it is vital that the team would support each other and encourage each other, just like what his father did when he and his younger brother were young. Rodrigo Terpins stated that he is ready to race, and he will do everything to win.

 

Click here: https://br.linkedin.com/in/rodrigo-terpins

 

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Wes Edens: Fortress Investment Group’s Co-Founder And Co-CEO

Wes Edens is one of the co-founders of the publicly-traded alternative investment company Fortress Investment Group LLC. A principal in the company, Edens has held a number of positions since helping to start the company in 1998. From it’s founding until 2013, he was CEO of the company. Beginning in 2017, Edens was co-CEO. Wes Edens has also been private equity head, president and chief investment officer. Since 2009, Edens has been co-chairman of Fortress Investment Group. Even to today he remains in charge of private equity as well as publicly traded alternative investment companies.  Since co-founding Fortress Investment Group, Wesley Edens has served as CEO and/or president of a number of companies.

They include Newcastle Investment Holdings LLC, Eurocastle Investment Ltd., Global Signal Inc., Capstead Mortgage Corp., Global Principal Finance Group and Impac Commercial Holdings, Inc. Prior to helping to create Fortress Investment Group, Wes Edens worked at Lehman Brother as a managing director and partner from 1987 until 1993. He then moved on to Blackrock Financial Management where he spent 4 years as a partner as well as managing director. Wes Edens was Union Bank of Switzerland’s managing director from May 1997 until he left to start Fortress in 1998. Wesley Edens has also been the chairman or director of a wide array of companies in a variety of industries since he co-founded Fortress Investment Group. Some of those companies are Drive Shack Inc., Fortress Credit Corporation, New Senior Investment Group Inc.

Mapeley Limited, Florida East Coast Holdings Corp., Gatehouse Media, LLC, Florida East Coast Railway Corp, New Media Investment Group Inc., Newcastle Investment Holdings LLC., Eurocastle Investment Ltd., Global Signal Inc., Capstead Mortgage Corp., Impac Commercial Holdings, Inc., Intrawest Resorts Holdings, Inc., OneMain Holdings, Inc., Springleaf Finance, Inc., Fortress Transportation and Infrastructure Investors LLC and many others.A graduate of Oregon State University, Wes Edens has a BS in business administration and finance which he has obviously put to good use. But, he also supports a variety of meaningful causes and organizations. Princeton University’s The Edens Family Fund for Climate Change research is one of them. Edens was also the advisory council of the Brown School of Public Health’s inaugural co-chair. He also endowed the Edens Professorship in Global Health at St. Paul, Minnesota-based Macalester College. A U.S. Ski and Snowboard Team Foundation supporter for many years, Wes Edens also owns the Milwaukee Bucks NBA franchise.

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Eric Lefkofsky: Building an Impressive Technology

Eric Lefkofsky is one of the founders of Tempus, and he is currently serving as the company’s chief executive officer. He has invested in a lot of companies before, but he has focused most of his career in the development of Tempus. He developed the company because he wanted to find the best solution on how to address the growing problem with cancer. Through his knowledge about the disease, he is trying to figure out how technology can assist the scientists around the world and create a method on how to treat the patients diagnosed with the disease. After continuous research and exploration, Eric Lefkofsky managed to develop a system that would collect the medical data of patients who are diagnosed with the disease. His primary objective is to help these people who are experiencing hardships battling the disease, and he wishes that his creation would help them shortly.

Scientists working at Tempus are trying to redefine the genomic data of a patient who are diagnosed with the disease. They would study it thoroughly until they manage to create a system of treatment that can be applied to other patients. Tempus is using an advanced algorithm that would combine all treatment methods applied by different doctors around the world. By collecting a huge amount of data from the patients, the system can create new information about how these symptoms react with each other and what things can be used to stop them. Doctors around the world have been praising the system because of the accurate information that it provides, and at the same time, it makes their work easier and more manageable.

Through the years of operation, Tempus managed to create a gigantic system that would be able to collect, analyze, and sample data to help in the advancement of global healthcare. Eric Lefkofsky wanted to thank the people who have helped him develop the system, and he assured the public that there would be more updates to the technology that he developed. So far, Tempus is offering a wide range of products and services to their clients, and it is used by a lot of doctors around the world to help them with their jobs.

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