The business of alternative investment management has long been one of the most popular sectors of the overarching financial services industry. Only the industry’s brightest minds succeed in alternative investment management applications because they’re required to have a broad understanding of the world of investing – everything from vanilla financial instruments to risky credit derivatives and put options – and be able to utilize advanced mathematical models in order to most appropriately hedge risks against one another.
Peter Briger is a big name in the world of alternative investment management; he’s a principal of Fortress Investment Group, an alternative investment manager that hit its 20-year anniversary this year.
Although Mr. Briger didn’t found Fortress Investment Group, he has contributed significantly to the company’s reputation and performance. Currently, Fortress Investment Group has more than $43 billion in assets under its management from a whopping 1,800 clients; the majority of Fortress Investment Group’s and Peter Briger’s clients are corporate entities, though a couple hundred of them are private investors with deep pocketbooks to invest in semi-risky causes in hopes of generating greater returns than their safer counterparts.
Peter Briger didn’t simply start out atop one of the greatest financial management firms on Wall Street; rather, he worked his way through the likes of Princeton University’s bachelor’s program in finance. Immediately afterward the completion of his bachelor’s degree at Princeton University, he then enrolled in another Ivy League college – the University of Pennsylvania.
As most business professionals who seek graduate degrees, Peter Briger worked towards a master’s in business administration from the legendary Wharton School of Business at the University of Connecticut. That MBA ultimately helped him get hired by Goldman Sachs – the firm is one of the largest financial management and investment monitoring groups in the United States – where he’d end up spending one-and-a-half decades.
The time Peter Briger racked up at Goldman Sachs ultimately helped him contribute significantly to the improvement of Fortress Investment Group. Briger also gives back to Princeton University as part of his philanthropic endeavors – he’s a member of three active committees there.