Wednesday, 26 October 2016
Last updated 3 hours ago
Jul 31 2012 | 10:57am ET
SkyBridge Capital has set its sights on Asia.
The New York-based fund of hedge funds plans an office, a fund and a conference for the region in the coming year-and-a-half, Asian Investor reports. The firm will mark its entry into Asia with the first SkyBridge Alternatives Singapore Conference, modeled after the firm's hugely successful annual Las Vegas confab, in October.
Then, by the first quarter of next year, it plans to set up shop in Singapore, and by the end of next year to launch an Asia-focused fund. Finally, SkyBridge is mulling a second Asian office, in Hong Kong, for 2014.
The "Chinese government has signaled that they want to welcome hedge fund investors into their market, so we certainly want to be a participant in that," SkyBridge's Anthony Scaramucci told Asian Investor.