Sat, Nov 28, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SkyBridge Capital: What's behind the "best incubation environment in 30 years"

Friday, March 19, 2010

From Kirsten Bischoff, Opalesque New York:

Hunting for seed money has always been an active part of asset-raising within the hedge fund community. Typically an investment space reserved for those familiar with and enthusiastic about developing promising talent, seed money often came from successful managers who helped startups spinning out of their own portfolio teams (ie, Julian Robertson's Tiger cubs). Over recent years seeding has also taken the shape of formal investment funds, with an asset base drawn mainly from high net worth individuals and family offices. However, in today's hedge fund environment these seed funds are finding investors outside their normal base are very interested in finding a way to fully participate in the industry as it begins to rebuild.

"The seeding model has gained mainstream acceptance," says Anthony Scaramucci, Managing Partner at SkyBridge Capital. SkyBridge, which launched in 2005 oversees the annual SkyBridge Alternatives (SALT) Conference every May in Las Vegas, NV, and was most recently revealed in the WSJ to be in advanced acquisition discussions to purchase Citi's $4bn fund of funds business. (Source).

Seed funds have two specific factors on their side: current launch quality and added manager control The fina......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November