Thursday, 18 December 2014
Last updated 4 hours ago
Jul 1 2010 | 11:12am ET
Hedge fund seeder SkyBridge Capital today completed its acquisition of three businesses from Citigroup, instantly boosting its assets under management by more than $4 billion.
New York-based Skybridge in April struck a deal for Citi Alternative Investments’ fund of hedge funds, hedge fund seeding and advisory businesses. Terms of the deal were not disclosed, but 20 Citi employees—including Raymond Nolte, who headed the businesses—joined SkyBridge, which now has more than $7 billion in assets under management.
“We are excited to announce the completion of this deal and to welcome the new team members to SkyBridge,” founder Anthony Scaramucci said. “Our comprehensive suite of investment offerings, backed by an experienced, hands-on global team and thoughtful and thorough approach to risk management, offers great opportunity to a diverse set of investors.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.