Thursday, 5 March 2015
Last updated 1 hour 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.”
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…