SkyBridge Capital, which has $7 billion under management or advice, has hired Peter Carey, former director of absolute return strategies for the New York State Common Retirement Fund. He has joined as a managing director to lead SkyBridge Direct, the firm's hedge fund solutions business for institutional investors.
Prior to joining SkyBridge, Carey restructured the New York Common Retirement Fund's $4 billion hedge fund portfolio. Under his direction, and amidst the market crisis of 2008 and a corruption scandal, the hedge fund investment portfolio was rebuilt. Prior to joining the New York State Common Retirement Fund, Carey served