Tuesday, 23 September 2014
Last updated 25 min 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.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.