Wes Edens more than a sports fun

Wes Edens commenced his career in finance with California savings and loan. Later in 1987, he joined Lehman Brothers, where he was in charge of mortgage trading and also served as the managing director as well as a partner. In 1993, he joined BlackRock where he served as the managing director and was in charge of it’s an affiliate company. After that, we Edens started his first equity fund called BlackRock Asset investors.

Later in 1997, he became the managing director of affiliates in UBS. 1n 1998 he helped in founding Fortress Investment Group, which is currently one of the biggest investment companies in the world.

Wallstreet journal named Wes Edens as the ‘New King of Subprime Lending’ after his company purchased a firm previously known as American General Finance where Wes became the chairman. Later Fortress also acquired another mortgage lender formerly known as Context Home Equity Company.  For more information, check out Wes Edens on Youtube.

His success in the finance sector can be attributed to his strong foundation in the finance sector. In 1986, he graduated from Oregon States Univerity with a degree in finance and business administration.

Wes Edens is also a philanthropist in heart, supporting different causes. Such autism speaks, education, environmental conservation, art and natural history among many others. By 2016 his lifetime giving were more than $2.7 million.

In 2016 and 2011 Macalester College received $1million from Wes. Mathis Vineyard Hospital also received $700,000 within four years. Between 2010 and 2012 Samuel Waxman Cancer Foundation also received $150,000.

Wes Edens has stricken a balance between work and leisure, he is a man with a sports passion, some of his hobbies include athletics and mountain climbing. He has climbed the Grand Teton in Wyoming as well as Matterhorn in Switzerland. To top up on his mountain climbing hobby. Edens owns ice axes which have been signed by famous mountain climbers.

Wes Edens is also a big soccer fan, in 2014 he invested an undisclosed amount in Milwaukee buck which is a soccer club and promised the clubs previous owner that he would build a new stadium for the club to stay in Wisconsin.

Check out: https://www.sportsbusinessdaily.com/Conferences-Events/2018/DMS/Speaker-Faculty/Wes-Edens.aspx

 

New Residential Investment Corporation Rundown

Here’s the elevator pitch, New Residential Investment Corp (NRZ) is considered a ‘strong buy’ among stock market professionals. ‘Strong buy’ is a term used by market analysts which basically conveys highest recommendation.

Despite high-risk levels, investing in New Residential Investment Corp should net some serious profits, as NRZ currently comes with an entry dividend of 11.6%. New Residential Investment Corp primarily deals with mortgage assets and all of the minutia included in that realm, such as mortgage servicing rights, service advances, residential securities, call rights, and individual and residential loans. Simply stated, New Residential Investment Corporation is a real estate investment trust, but is still diversified enough to produce dividends for shareholders.

NRZ has also shown interest in further diversifying their portfolio, specifically in unsecured homeowner loans and consumer loans. While these are technically diversification actions, they still are close enough to the realm of New Residential Investment Corporation to fit within their realm of expertise.

To Visit More Click Here

Shervin Pishevar predicts stock market correction

Shervin Pishevar has by now established himself as one of the most renowned names in Silicon Valley. As the CEO and founder of Investment company , he has been behind the rise of some of the most transformative companies in the history of tech, including Uber, Airbnb and Virgin Hyperloop. Shervin Pishevar has also personally founded a large number of successful tech startups, which range from WebOS and Ionside to the stalwart Social Gaming Network.

Somehow, Shervin Pishevar still manages to blog and tweet about a stunning breadth of topics. His Twitter feed counts more than 100,000 followers, some of whom include the most influential and powerful people in the country. When Shervin Pishevar gives his opinion on anything from economics to the state of the tech world, he has the ear of the elite movers and shakers.

Recently, Pishevar unleashed a 21-hour tweet storm in which he confronted a wide range of pressing issues. One of the themes that he addressed is the likely consequences that will flow from the Fed-fueled asset bubble in both real estate and equities. Shervin Pishevar has been one of the leading critics of the irresponsible and highly experimental policies of the country’s central bankers. He has been pointing out for the better part of five years that flooding the markets with liquidity and cheap credit is a surefire way to precipitate a bubble. And he now believes that is exactly what we are experiencing in equity markets.

Pishevar has put an actual number on the current inflation of asset prices. He says that the Dow Jones Industrial Average is due for an approximately 6,000-point correction. However, Pishevar is quick to note that corrections of much larger magnitude, on a percentage basis, have occurred frequently throughout the history of the U.S. stock market. He says that it is fully possible that the markets may experience a correction of up to half of the total market capitalization, an event that would send the global economy reeling.

Pishevar warns that a continuation of the easy-credit policies of America’s central bank will almost ensure such an outcome.

https://angel.co/shervin