Wes Edens has made a name for himself in the world of sports by purchasing the NBA’s Milwaukee Bucks with partner Marc Lasry. Former owner Herb Kohl sold the team to the two men for $550 million and they have already increased the franchise’s valuation to over $1 billion. In addition to serving as the co-owner of the Bucks, Wes Edens is also one of the co-founders of the Fortress Investment Group. Before joining Fortress, he cut his teeth at Lehman Brothers as a managing director and a partner. He worked for Lehman Brothers from 1987 to 1993.From there, he would then join BlackRock Asset Investors. He worked in the private equity division from 1993 to 1997. It was at this time that he elected to leave and begin his journey at Fortress Investment Group.
Thanks to the experience that he was able to accrue when it comes to private equity, he is able to garner a sizable amount of take home pay thanks to the work he has done with Fortress Investment Group. When the company was recently sold to SoftBank Group, Edens was able to walk away from the transaction with a whopping $512 million.Now that he is training his focus on the world of sports, Wes Edens has also invested in e-sports. The Cloud9 Challenger’s League Championship Series caught his fancy and he has spent $1.8 million on just one spot.Once the salaries of four different League of Legends team members were included, Fthe price rose to $2.5 million. He is the fourth NBA owner to invest in the league but Edens was not done yet. Once this purchase was made, he set his sights on the launch of his own brand. FlyQuest Sports has established in 2017.
The professional League of Legends team was included as a part of this purchase and the Bucks continue to embrace e-sports. The NBA is in the process of establishing a NBA 2K League that will allow professional gamers to compete against one another for cash prices.Thanks to the efforts of Edens, the Bucks will be one of the 16 NBA teams to have their own 2K team and team apparel/logos will be designed for the occasion. Now that the NBA is rapidly growing in popularity, Edens is betting on console based fandom going forward.In his mind, this is the best way to reach out to the younger demographic and ensure that they remain fans of the NBA in the years to come. The 2K League is expected to become a smashing success around the world and Edens is paving the way for e-sports to become a more integral part of the NBA fan’s existence.
Igor Cornelsen is a Brazilian banker who is now officially retired. He has retired and settled down in South Florida. His hobbies include playing golf and spending time at the beach. Below is a summary of a blog post that Mr. Cornelsen posted on his WordPress blog back in July 22 of 2016 on why investing is always a good idea.
Mr. Cornelsen starts of his blog post by saying that through investment you can make money off of assets or cash that you already have on hand. He continues by saying that if you have good advice and know what you are doing, then you should see a nice return on your investment. Consequentially, if you receive bad advice and are clueless about investing, then you can actually suffer losses of your money.
To get good advice and get a solid foundation of investing, Igor suggests you try the following. Igor states in his blog post that reading up on investing and financial management through books at a bookstore, library or an online store such as Amazon is one of the best ways to improve your financial knowledge. A book can tell you on which stocks are the best to invest in. They should also provide you with general tips on how to better manage and invest your money. Reading books will also allow you to find out where you can seeker further and more in depth investment advice.
Another place to get knowledge on how to invest your funds or assets is at a bank. Igor Cornelsen believes that banks are one of the best places to get advice and knowledge about investing in stocks. Banks have a team of investment bankers that can help you create an investment portfolio that is tailored to your needs and risk tolerance. Bankers can not only help you set up a portfolio but explain why some stocks, bonds or funds may be better suited for you than others.
At the end of his post, Igor Cornelsen said that any serious investor should not overlook the stock market. It offers the chance to make big returns on investments. The market does go through ups and downs added Cornelsen. While you can make predictions using certain metrics, the market carries inherent risk and uncertainty even in the most safest stocks. https://about.me/igorcornelsen1
Most corporations have lots of activities to handle. These activities hinder them from raising money on their own. Therefore, an intermediary is needed to handle financial cases. This factor has contributed to the existence of investment banks. Investment banking it is the process through which investment banks raise capital for corporations for a fee. They underwrite debt and equity securities for all types of companies. Investment banks also guide issuers on stock placement.
Roles of Investment Banks and Investment Bankers
The primary role of investment banks is to serve as the intermediary between the corporations and the investors. This is done through Initial Public Offerings (IPOs). IPOs help the companies raise money for expansions and growth to serve their clients better. Without investment banks, it could be hard for firms to raise funds.
Investment bankers are people who work for investment banks. They offer guidance to companies and corporations who are seeking money to boost or expand their businesses. They advise corporations whether to go public or find alternative ways of getting the money they need.
Another role of investment bankers is handling mergers and acquisitions. They help businesses to evaluate the worth of possible acquisitions and get it at a good price. They advise clients on where to and how to get the funds to finance the acquisitions and create a payment plan.
About Martin Lustgarten
Martin Lustgarten is one of the smartest investment bankers in the investment banking industry. He has been in the field for decades and dealt with thousands of clients. He has helped these clients to attain financial stability. Martin is a citizen of two countries i.e. Austria and Venezuela. He has made investments in these two countries. The move has benefited him a lot.
Martin experience in the field has helped in sharpening his skills and today he is one of the most relied upon investment banker. His success has attracted lots of companies and individuals to seek advisory from him. He is reputed as hardworking and successful investment banker. He can follow trends in the economy and make accurate predictions.