Sun, May 24, 2015
A A A
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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. Opalesque Exclusive: Ovation Partners targets opportunities where few "natural lenders" participate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Changes in financial regulations post-2008 (Dodd-Frank and Basel III) are forcing banks to significantly alter their core lending businesses. And as mid-sized

 

banner