Friday, 19 September 2014
Last updated 1 hour ago
Nov 4 2010 | 8:18am ET
SkyBridge Capital has hired the New York State Common Retirement Fund’s hedge fund chief to lead its own institutional hedge fund business.
Peter Carey will assume his new post at the $7 billion alternative asset management firm on Nov. 8. He is charged with building customized hedge fund portfolios for institutional investors, working closely with chief investment officer Raymond Nolte. Nolte himself is new to SkyBridge, having come over from Citigroup when the former acquired the latter's three hedge fund businesses.
Carey has worked in the New York State comptroller’s office for three years. That office and the pension it oversees have been scarred by a pay-to-play scandal that recently led to a guilty plea on corruption charges from former Comptroller Alan Hevesi.
News of Carey’s exit comes just a day after his boss, Comptroller Thomas DiNapoli, narrowly won a bruising re-election campaign against former hedge fund manager Harry Wilson.
Carey oversaw the Common Retirement Fund’s move from funds of hedge funds into direct hedge fund investments. He joined the comptroller’s office from Bear Stearns.
News of Carey's move was first reported by Hedge Fund Alert.
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…
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