Thu, Oct 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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 More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t