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, 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