Mon, May 30, 2016
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

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. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  4. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year

  5. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit