Describing Wes Edens as a businessman would not completely and fully describe him because he is a man of vested with various experience including being a renowned investor and an owner of a sports team. Mr. Edens happens to be a co-owner of Milwaukee Bucks which is a National Basketball Association (NBA) and consequently owns the League of Legends team FlyQuest. He is one of the most prolific figures in the American business market. Currently, he lives in New York.Wesley Robert Edens is the Chairman and Founder of Fortress Investment Group which is a globally recognized alternative asset manager. They founded this Group alongside other 4 four principal partners like Pete, Rob, Randy, and Mike. He studied at Oregon State University and received B.S. in Finance and Business Administration by 1984. His career journey dates back in 1987 at Lehman Brothers where he served as the managing director and partner up to 1993. Later he occupied the same positions at BlackRock Asset Investors.
The investment strategies of Wes can be described as based on creative financing, and building businesses from his investments. From 1998 to 2003 he served as the CEO of Fortress Investment Group LLC and Newcastle investment Holdings LCC up to 2007. He has also served as the President and CEO of Global Signal Inc. and at Capstead Mortgage Corp. He has worked at Eurocastle Investment Ltd and in Capstead Mortgage Corp. as its CEO. He has been the head of Global Principal Finance Group and the Managing Director at Union Bank located in Switzerland.
In addition, he has also served at Drive Shack Inc. where he was the Director and Chairman. Currently, Mr. Wes serves Fortress Credit Corporation as the Principal and Co-Chairman. He also happens to be the Chairman of New Senior Investment Group Inc. Edens has served at Mapeley Limited as the Director and Chairman and also in New Media Investment Group as the Chairman. The services of Wes also extend to being the Chairman of Nationstar Mortgage Holdings, New Residential Investment Corp and in SeaCube Container Leasing Ltd. As a matter of fact, it is incredible how one person could have all these achievements and actually, the named ones are not all.Over one decade ago, Wes Edens was at number 369 in the Forbes World’s Billionaires list with a net worth of $2.5 billion. He is married to his lovely wife Lynn and blessed with 4 children. He likes mountain climbing and also horse-jumping as part of his hobby.
Equities First Holdings is an Indiana-based loan provider with offices in all parts of the world continents. For the company, they have purposed to reach the world and save the situation through the use of stock-based loans. As a matter of fact, Equities First Holdings has worked to meet the needs to numerous companies and completed more than 2,000 transactions. According to Al Christy, he says that these transactions mean that they have kept up with their core duty to fulfill the needs of the people. In the end, you will notice that they have worked to meet the needs of all the citizens. However, they have seen these transactions as Daly business on a normal working day since the onset of the world economic crisis. The company has also worked to announce a double digit growth during this past year. For this reason, they have kept up with their core duty of issuing fast working capital in an economic crisis onset.
When the company expanded to cover the general facilities, it experienced positive growth. For this reason, they purposed to grow and reach all parts of the world and cover every continent. Therefore, they had no issue in opening offices in South Africa, London, Perth, Singapore, Bangkok, Hong Kong, and Sydney. When they opened the offices, they recorded more than 50 percent of loan intake through their offices. Al Christy is the Founder and Chief Executive Officer of Equities First Holdings. He has also overseen the expansion and growth of the company’s services in all parts of the world. Since the enterprise was incepted in 2013, it has recorded the highest growth rate in 2015.
The company has also acquired numerous companies in the line on stock-based loans to develop their capabilities to the future of the local areas. Al Christy has seen many people confuse the use of the stock-based loans and the margin loans. As a matter of fact, the two loans are not correlated. However, they are issued in a manner that does not anticipate market fluctuation. In the end, you might have realized that they are all different. For the margin loans, you are required to say the intention of the money to qualify for the credit. However, you are not required to state the use of the money to be eligible for the stock-based loans. For this reason, stock-based loans are now more attractive than the margin loans by far.
Toronto, ON based Slyce Inc. released it’s figures for it’s 2015 financial year end, which ended on Oct. 31st, 2015. As reported on Yahoo Finance, the company’s revenue increased from $89,803 last year to $1,692,292, which is 1784% increase. While this is encouraging of the company’s growth, they also showed a net loss of $12,069,466. Compared to 2014’s $17,576,576, this is still quite an improvement, and given all of the business acquisitions, a lot of this loss can be attributed to the increase in the company’s sales and marketing initiative.
There were several key expansions to note during the 2015 financial year. A new partnership with Shoes.com, responsible for the shoeme.ca and onlineshoes.com websites, was reached, as well as new contracts agreed upon with Urban Outfitters and Shoe Carnival. Also of note is the company’s expansion on their current partnership with Neiman Marcus.
Several technical accomplishments were also listed during the year, which are looked upon to increase the company’s standing in the field. Along with enhancing their current tech with updated 3-D recognition, as well as increased efficiency of their 2D content management system, several new bullet points were added. Services like Slyce Link and Coupon Author were added to their already existing integrated offerings, as well as presentation of Slyce’s own apps such as Craves and Pounce.
Mark Elfenbein, CEO of Slyce Inc., has stated that the company has learned a lot since its initial foray into commercial operation. Combined with the experience gained, the continued financial growth, and their new investment initiative, Slyce Inc. is looking to continue their positive growth.