Sunday, 29 March 2015
Last updated 1 day 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.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…