SkyBridge Goes Swiss

Apr 26 2010 | 12:09pm ET

Fresh from its deal for three Citigroup hedge fund businesses, SkyBridge Capital is expanding in another way.

The New York-based hedge fund seeder has opened an office in Zurich, Switzerland, and launched a Luxembourg-domiciled fund. The firm aims to raise US$500 million for the vehicle, its third seeding fund, which it plans to close at the end of the year.

The Zurich digs are SkyBridge’s first foothold in Europe. It will be headed by firm chairman Thomas Gallagher, who plans to add three or four investor relations and manager selection professionals this year.

Switzerland’s largest city “offers a perfect combination of large numbers of high net-worth individuals, family offices, private banks and institutions providing new capital for seeding hedge funds together with a base to source talented emerging hedge fund managers,” Gallagher said.

Earlier this month, SkyBridge agreed to buy Citi Alternative Investments fund of hedge funds, hedge fund seeding and hedge fund advisory businesses, with a combined $4.2 billion in assets under management or advisory.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Top 5 Predicted Outcomes Of CalPERS' Hedge Fund Divestment

Sep 22 2014 | 8:35am ET

CalPERS’ announcement to divest of hedge funds has created a significant buzz...

 

Videos

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.