Tuesday, 21 February 2017
Last updated 1 hour ago
Dec 18 2013 | 12:20pm ET
SkyBridge Capital is growing.
The New York-based fund of hedge funds' assets hit $9 billion at the end of October, up from $7.1 billion at the end of last year.
The firm's discretionary portfolio grew from $4.1 billion as of end-September 2012 to $5.6 billion as of end October 2013.
SkyBridge's Multi-Adviser Hedge Fund Portfolios series G accounts for much of the increase. It's assets are up to $4.5 billion from $2.7 billion a year-and-a-half ago. The fund has returned 9.73% through October, easily topping most hedge fund indices.