Wed, Apr 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SkyBridge sold to RON Transatlantic, HNA Group

Wednesday, January 18, 2017

Bailey McCann, Opalesque New York:

RON Transatlantic EG and HNA Capital U.S., the New York-based investment arm of $90 billion Chinese conglomerate HNA Group, will buy New York-based SkyBridge Capital for an undisclosed sum. The deal comes after news that SkyBridge founder and CEO Anthony Scaramucci was appointed assistant to the president for the incoming Trump administration.

The transaction is expected to close in the second quarter of 2017. SkyBridge declined to comment on terms.

Scaramucci will be stepping down from his role at the $12 billion hedge fund of funds firm, but the current senior management team and its full investment team will remain intact. George Hornig, CEO of RON Transatlantic Financial Holdings will join the board at SkyBridge in order to expand products and distribution channels for the firm.

SkyBridge will also spin out the SALT Conference into a standalone company around the event. This year's SALT Conference, scheduled to be held May 16-19, 2017, in Las Vegas, will continue as planned.

As first reported by the Wall Street Journal, Scaramucci was appointed assistant to the president, director of the office of public liaison, for the incoming Trump administration last week. In the role, Scaramucci will work with both the US business community and political interests to further the goals o......................

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. Investing - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  2. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  3. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  4. Hedge funds holding Puerto Rico bonds are looking at a long battle[more]

    Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings

  5. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic