Fortress Investment Group And Brightline Partners With Virgin Group

Fortress Investment Group recently announced a new partnership with the Virgin Group, which will have a major impact on the firm’s Brightline venture. Brightline is the first new major private intercity passenger railroad in the United States in more than a century. The partnership between Fortress Investment Group and Virgin Group will allow Brightline to leverage Virgin’s experience and customer expertise in order to establish a new brand entitled “Virgin Train USA”.

When talking about the new partnership between Fortress Investment Group and Virgin Group, Wes Edens, one of the co-founders of Fortress Investment Group and chairman of Brightline, noted that the company’s effort to reinvent passenger rail service in the country is taking a leap forward as a result of the addition of the Virgin team. He also stated that Virgin built a trusted and respected brand when it comes to travel and hospitality, and that with both companies’ focus on customer experienced they are well position to build on their success. Check out crunchbase.com to read more about Fortress Investment Group.

Sir Richard Bronson, the founder of Virgin also talked about the partnership with Fortress Investment Group and noted that Brightline is at the forefront when it comes to innovation in the market, and also the ideal partner for his company to work with in order to alter perceptions as well as traveling habits across the country. He also noted that Virgin America transformed domestic air travel, and that the company has tried for more than a decade to find an opportunity to provide them with the same kind of excellent service.

The president of Brightline, Patrick Goddard declared that the partnership between the two entities further validates the accomplishments of the team behind Brightline when it comes to challenging conventional wisdom about reinventing train travel in the country. He believes that due to the companies’ shared values as well as Virgin’s track record, the partnership will amplify Brightline’s efforts and growth potential as it seeks to expand to new markets.

Brightline launched its service between West Palm Beach, Fort Lauderdale, and Miami earlier this year, and has plans to expand to Tampa and Orlando, and to begin construction in 2019 to connect Southern California to Las Vegas.

Read more: https://www.wsj.com/articles/wesley-edens-is-an-investor-with-an-affinity-for-the-underdog-1532111122

 

Igor Cornelsen: The Investment Guru

Igor Cornelsen was born on October 4, 1947, in Curitiba, Brazil. He wanted to pursue engineering and the Federal University of Parana was the only school offering the course making admission a hard task but he made the cut, after two years of pursuing engineering, he decided his calling was in economics and thus changed his course to economics in the same university. He graduated first in his class in 1970 and got a job in an investment bank. His skills in calculating compound interest rates were valuable to any bank considering computers and calculators were not in use by then.

His skills gained his ladder to greener pastures in Multibanco where he joined the board of directors and two years later in 1976 he became the CEO of the company. In 1978, Multibanco was absorbed by the Bank of America and Igor Cornelsen had to go in search of worked elsewhere. The first opportunity that presented itself was at Brazil’s leading investments firms, Unibanco. In 1985, the rates of inflation were exploding ending his journey at Unibanco.

It was then that his career took a better turn as he landed a job at Libra Bank PLC, a London Investment Bank. After a period working there, he moved his colleagues to Standard Merchant Bank as a member of the board of directors and a representative in Brazil. There he worked for a period of 7 years until he decided to leave and start his own investment company. It was then that he started Bainbridge Investment firm which offers investment consulting services. He says that his business excelled because he discovered that assets depreciate before anyone else.

Igor Cornelsen’s favorite quote is ‘’I try not to be influenced by other analysts or teachers or anything of the sort. I think it is better to form my opinion based on facts than on opinions.” After his retirement he settled down in Florida, United States but he visits Brazil regularly. He also keeps in touch with Bainbridge and helps in the daily activities like foreign exchange and commodity exchange.