Sunday, 24 July 2016
Last updated 1 day ago
Apr 29 2008 | 8:54am ET
Seeding firm SkyBridge Capital has made an undisclosed investment in Capital Returns Master, Ltd., a global long/short equity hedge fund focused on the insurance industry, from its SkyBridge Capital Partners, L.P. and SkyBridge Capital (Cayman) Ltd. Funds.
In addition to providing Capital Returns with long-term strategic capital, SkyBridge will provide business support to the firm, which was founded by Ronald Bobman in 2003. Prior to founding the firm, Bobman was a portfolio manager at Bedford Oak Advisors.
“The Capital Returns team, led by Ron Bobman, is differentiated by its deep insurance industry experience and strong portfolio and risk management disciplines,” said Anthony Scaramucci, managing partner of SkyBridge Capital. “We were also attracted to Mr. Bobman’s consistent record of strong investment returns over the nearly five-year period since the fund’s inception.”
New York-based SkyBridge Capital and its underlying managers currently have approximately $1.5 billion under management.