Saturday, 30 August 2014
Last updated 1 day ago
May 30 2012 | 1:27pm ET
SkyBridge Capital got its start as a hedge fund seeding operation. Now a major market player, the New York-based firm is walking away from its roots.
SkyBridge plans to liquidate its two seeding funds and focus on its fund of hedge funds business. The firm will continue to manage a third seeding fund it acquired when it bought three of Citigroup's alternative investments business.
Founder Anthony Scaramucci said he chose to pull the plug on SkyBridge I and II because of "mediocre" returns. SkyBridge I is down 5.3% through May of last year; it debuted in 2006, the year after Scaramucci launched the firm.
"We gave people a chance to switch into a better-performing product or get their money back," Scaramucci said. "It was pro-client and well-received."
The two funds will be completely liquidated by April of next year.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...