Thinking big pushes SkyBridge into the top rank of global seeding platforms

Thu Jun 3, 2010


When Citi announced that its entire hedge fund business was being sold to SkyBridge the world was a little taken aback


The acquisition of Citi Alternative Investments is a bold move that defines the firm's ambition

By Claire Makin

In May, SkyBridge Capital held its second annual hedge fund conference in Las Vegas, and aimed high for its keynote speaker. The man who addressed the invitation-only audience of 1,400 people was former US President Bill Clinton.


Anthony Scaramucci


Anthony Scaramucci, who founded the New York-based seeding business in 2005, is not shy about declaring SkyBridge's ambitions in the hedge fund arena. The conference, he says, is "another way for us to embolden our brand and increase our bandwidth in terms of hedge funds".

Those ambitions have just received a huge boost with a deal that takes SkyBridge far beyond its current limits. In April, the firm announced that it will buy Citi Alternative Investments' hedge fund seeding, fund of hedge funds and hedge fund advisory businesses, with $4.2 billion in...

ISSN: 2151-1845 / CDC10004H

TAKE A FREE TRIAL

The full contents of this article are available to active InvestHedge subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to InvestHedge.

Subscribe

Subscribers have unlimited access to all current content, including fund performance Live League Tables. Start your subscription today - click on the button below.

Subscribe now