Fortress Investment Group has invested in a Wi-fi company called iPass. Fortress investors can be assured this is a smart investment. Riley Financial put the deal together. The funding given to iPass was $20 million, with $10 million to start concentrating on revenue and being more profitable. IPass is the worlds biggest Wi-fi network that gives continuously on Wi-fi access to hot spots for businesses and customers. They have access in excess of 64 million hot spots globally. This amount has exponential growth potential expected up to 340 million by the end of this year.
Fortress Investment Group has always set the course for returns in investing with proper risk assessment. Investing in iPass is a no-brainer since people are more and more on the go and taking their work with them. This is the wave of the future. Fortress Investment Group has a track record that shows its successful investing. The hedge fund went public in Feruary 2007, and 9 years later was managing $70.2 billion dollars in different assets. They were also given recognition as Institutional Hedgefund Manager of the Year” by the Institutional Investor magazine. Wi-fi is growing rapidly and a good investment for the prospective future. It is clear to see that Fortress Investment Group has the wisdom and foresight to invest in iPass.
In the light of Fortress Investment Groups history, it was obtained by SoftBank in December, 2017. Historically, SoftBank has also been known for acquiring creative tech start up companies. SoftBank was looking for a company like Fortress Investment Group that could function independently in New York. Softbank’s goal is to get out of debt financing and get more into private equity through expanding its horizons. Though many have questioned this deal, it will enable Fortess Investment Group to be a private company again. There will be many advantages for both companies. Fortress is an operating lender and equity partner in real estate and mortgage servicing rights, which gets SoftBank closer to its goal of private equity. The merging of these to companies will no doubt be profitable for all involved and invested.
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After announcing his official resignation from Sherpa Capital, it seemed like Shervin Pishevar wasn’t going to be posting any tweets for a while. His last post was in mid-December. Then all of the sudden, a 21 hour tweet storm came rolling out of his account. When it rains, it pours.
So what got Shervin Pishevar so riled up? The tweet storm was based on why Shervin Pishevar believes the market will continue to drop in coming months after the stock market experienced one of the most dramatic drops in recent history. He is convinced things are going to get worse before they are able to get better.
In some of the first tweets that rolled out of his account, Shervin Pishevar said that every asset class has proven to be overvalued and that everyone should scurry to find safety that cannot be found anywhere. It is definitely true that the market went down. He believes that there is going to be an even steeper decline. He believes that this has to do with tax giveaways and interest rates going up.
Some of is next tweets focused on bonds, specifically quantitative easing. Shervin Pishevar says that government bonds do not have limitless power when it comes to correcting the market. They are definitely a valuable tool, but he feels like they have been used so many times that they are no longer effective. He encourages people to not be fooled by the government turning to these bonds to be used to normalize the market as quickly as possible.
Another concern that he expressed is the couple of big funds seem to completely crumble when the market turns downward. He focused particularly on Volatility Indices and Managed Future Funds.
This 21 hour tweet storm is not the first time that Shervin Pishevar has expressed his ideas about having a more open society. He feels that there are too many bottlenecks and too much volatility in innovation. His concerns do not go only as deep as the steep decline in the market. He feels that challenges in culture, nationalism, and politics are also to blame.
Serial entrepreneur Marc Sparks, upon releasing his book titled “They Can’t Eat You,” has put his past experiences into writing and outlining the hard-earned success he has gained. Going against the flow, Sparks heavily relies on his faith and work ethic to create success in business, philanthropy, and his own personal life. Starting in 1975 when he graduated from high school, Marc Sparks has blazed his own trail as a respectable entrepreneur.
The flagship firm of Marc Sparks is Timber Creek Capital, LP. Through his business, Sparks maintains a very exclusive portfolio of companies with which he personally works on a regular basis. A leader by example, Marc Sparks is proactive about creating the most successful business culture from the ground up. The strategies brought forth by Sparks and Timber Creek Capital focus on both a short-term business model and the long-term potential for growth.
Marc Sparks’ dedication to an innovative business strategy is reflected in how his offices are set up at Timber Creek Capital. He stresses the importance of having an open concept and plenty of natural light to make the work space inviting. Sparks states that a business team spends the most time within the office and it is critical to nurture a productive work environment. The current office layout allows Marc Sparks to have multiple businesses operating within the same facility.
Aside from business, Sparks is genuinely passionate about philanthropy. His time and contributions are mainly dedicated toward organizations in his local community. Marc Sparks regularly works with The Samaritan Inn located in Texas. This shelter offers assistance to the homeless, but also enables them to gain work skills and education needed to find a job and start a career. Sparks has been involved with the local branch of Habitat for Humanity and helped to build numerous homes for families.
Marc Sparks is an expert at improving other companies, but he does not neglect his own well-being in doing so. He is a major outdoors enthusiast and regularly goes on hikes and trips to other countries. His competitive spirit drives him to be a big sports fan, and he also enjoys biking and playing golf in his spare time. Learn more: https://angel.co/marcsparks3