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Scaramucci Inks Deal To Sell Skybridge, Steps Down 'Effective Immediately'

Jan 17 2017 | 6:08pm ET

 Anthony Scaramucci has agreed to sell a majority stake in the firm he founded, SkyBridge Capital, and step down immediately from his role as co-managing partner as the well-known alternative investment manager prepares to take up his new position as an advisor to incoming president Donald Trump. 


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Belgrave Capital Management Unveils New UCITS-Compliant Fund of Funds

Jan 18 2017 | 10:18pm ET

London-based Belgrave Capital Management, a unit of Swiss financial services company Banca del Ceresio, has launched a new UCITS-compliant fund of funds strategy aimed at providing exposure to a number of leading equity managers.

Comvest Partners Appoints Gullen Partner

Jan 18 2017 | 9:52pm ET

Comvest Partners has named former H.I.G. Capital executive Matt Gullen as a partner and member of the firm’s investment committee for private equity strategy. 

Lim's Guard Capital Management Reportedly Down -5.1% in 2016

Jan 18 2017 | 9:40pm ET

Leland Lim’s macro-oriented hedge fund Guard Capital Management reportedly lost 5.1% last year despite a recovery from steep declines experienced earlier in the year.

IndexIQ: Hedge Fund Replication Strategies Broadly Positive in 2016

Jan 18 2017 | 8:54pm ET

Five of IndexIQ’s six hedge fund replication strategies were up strongly in December, riding the year-end moves in financial markets. For the year, all six were in the green.

Cowan Names Fraenkel Interim Head of Asset Management As Ramius CEO Departs

Jan 18 2017 | 8:04pm ET

Ramius CEO Michael Singer has stepped down to pursue new career opportunities and will be replaced by Fred Fraenkel, vice chairman of Ramius’ parent company Cowen & Co., who has been named interim head of asset management. 

State Street To Pay $64.6M To Resolve U.S. Probes

Jan 18 2017 | 6:50pm ET

State Street will pay $64.6 million to resolve U.S. investigations into what prosecutors said was a scheme to defraud six clients through secret commissions on billions of dollars of trades, authorities said on Wednesday.

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In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical equity and debt securities, and fund managers are increasingly interested in the attractive - and largely uncorrelated - investment characteristics of such things as artwork, classic cars, and as Emily Lane of Elan Fine Instruments explains in this in-depth article, rare instruments such as violins. 

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Sang LeeSang Lee

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