Thu, Sep 29, 2016
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. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style