SkyBridge Capital has entered into a definitive agreement to
acquire the fund of hedge funds, hedge fund seeding and hedge
fund advisory businesses from Citi Alternative Investments with
total investments under management and advisory of $4.2
The transaction will position SkyBridge as one of the leading
global alternative asset managers with a total of $5.6 billion
in assets under management and advisory, and solidifies the
firm as a global leader in hedge fund incubation.
This sale is consistent with Citi's strategy...