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Alternative Market Briefing

SkyBridge increases AuM by almost $2bn YTD, moves assets to event-driven and equity strategies

Tuesday, December 17, 2013

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Ray Nolte
Benedicte Gravrand, Opalesque Geneva:

SkyBridge Capital, a New York-based global alternative investment firm formed in 2005, had $9 billion in assets under management (AuM) or advisement as of October 31, 2013. The firm increased its AuM by almost $2bn so far this year. It had $7.6bn in AuM two years ago (in September 2011), and $7.1bn at the end of December 2012.

According to a report an investor sent to Opalesque, the SkyBridge Multi-Adviser Hedge Fund Portfolios LLC (series G), a multi-strategy fund of hedge funds registered under the Investment Company Act of 1940, is up 9.73% YTD (to end-October). It has annualized 7.67% since its January 2003 inception, compared to 3.94% for the HFR Fund of Funds Composite Index during the same period, 8.78% for the S&P500 Total Return Index and 4.67% for the Barclays Aggregate Bond Index. The fund had $2.7bn in AuM in August, 2012. It now manages $4.5bn, an increase of $1.8bn over 14 months.

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