Sun, May 19, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
New Managers June 2012

Seeders Corner - After closing two vintage seeding funds, SkyBridge is creating a new emerging manager product.

After closing two vintage seeding funds, SkyBridge is creating a new emerging manager product

Anthony Scaramucci launched SkyBridge Capital in 2005 with no capital. Last year, he told Opalesque in a TV interview last year the firm had almost $8bn in AuM in seeding, fund of hedge funds and advisory businesses.

Anthony Scaramucci

A great self-promoter, the ex-Goldmanite also authored a couple of books on hedge funds, appears regularly on TV, and his company has been organising the popular SkyBridge Alternatives Conferences (SALT) for the last three years (last one was in May). He throws his net in all seas when it comes to investors, and apparently, at least 63% of SkyBridge's 17,000 investors are small investors.

New York-based SkyBridge started out as an incubator. But as opportunities abounded after the financial crisis of 2008, the firm acquired Citigroup Inc.'s fund of hedge fund (FoHF) business, adding $4.2bn to SkyBridge's assets and bringing the firm's assets under management (AuM) to $5.6bn then.

At the end of May 2012, several media reports said that SkyBridge was closing the two seeding funds and returning capital to investors due to lacklust......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

Banner
Today's Exclusives Today's Other Voices Banner More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Goldman offers hedge funds to the 99%[more]

    From TheStreet.com: Goldman Sachs said Thursday it is bringing the sophisticated trading strategies of Wall Street hedge funds to individual investors with investment portfolio's and retirement accounts as small as $1000. The bank's investment management unit, Goldman Sachs Asset Management, i

  2. Opalesque Exclusive: New research examines quantitative trend following as an equity risk hedge[more]

    Bailey McCann, Opalesque New York: New research from Nigol Koulajian founder and CIO, and Paul Czkwianianc, Head of Research at Quest Partners, a New York-based systematic fund, looks at how quantitative trend following could be used

  3. People – Jupiter switches lead manager on alternative UCITS fund, Dr. Dermot F Smurfit appointed as Chairman of the ML Capital Group[more]

    Jupiter switches lead manager on alternative UCITS fund From Citywire.co.uk: Jupiter has named Mike Buhl-Nielsen as lead manager on its Europe-focused long/short equity fund, the asset management company has announced… Full article:

  4. Launches – Blackstone preparing launch of ‘super’ hedge fund, Paulson said to team with insurer for new low-tax merger fund[more]

    Blackstone preparing launch of ‘super’ hedge fund From FT.com: Blackstone is preparing to launch a “super” hedge fund to cherry-pick the best trades from the hundreds of third-party hedge funds it invests with, in an effort to try to recapture the outsize returns the $2tn industry was on

  5. Hard asset based - land; dairy, cattle arable farming fund: Return drivers: productivity increases Move to production systems with a higher value added per hectare Production system arbitrage: transfer of state-of-the-art management systems to areas with a cheaper resource base