Paul Mampilly is a scolar from Fordham University where he graduated in 1991. He was born in a poor background where people died because of starvation every day. His mother died when he was only three years. His dad worked at Bombay though he was still broke and later passed on when Paul Mampilly was 20. This did not stop him from studying since he was able to take himself to college. He managed to complete studies and went ahead to apply for a job in Dubai. He has demonstrated his leadership skills and as an influential force in the finance world. He worked as an assistant portfolio manager for bankers in Wall Street. He has excellent investing skills, and this made him continue building his profession in several employments in legal firms.
He took the leadership of hedge fund for Kinetics Assets Management, where he was entrusted to manage $6 billion. Paul Mampilly proofed skills and knowledge when he won a prominent competition that was held in Templeton Foundation. This award came when there was a lot of financial disaster in 2008 and 2009 thus creating confidence t people that his skills and abilities are incredible in the industry.
Paul Mampilly was able to turn $50 million to $88 million, therefore, winning this competition with about 75% gain. His paramount strong point comes when his investment emphasis on the large image. He always put his strengths to what he focuses on, and he does not back off any of his dealings. He is a very hardworking entrepreneur who is focused on his businesses.
His hard work and determination have made him the senior editor of Banyan Hill Publishing. Over a long period, he has gained enough experience and knowledge that has taken the internet by storm. He worked as a Senior Research Analyst for two years at ING Funds where he covered health care stocks. He always wanted to help people in investing their money, and this led him to start his newsletter. He had to leave Wall Street because he felt he did not support the majority of the people.
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.