Skybridge Expands In Europe, Australia

May 15 2008 | 10:21am ET

New York-based seed investor SkyBridge Capital is expanding across the pond and Down Under to access new and early-stage hedge funds.

The firm has partnered with Challenger Financial Services Group, an Australian financial services company, to launch what it calls the first global institutional hedge fund seeding and alternative investment management platform.

As part of the deal, Challenger will make a “significant” commitment to SkyBridge funds and support SkyBridge in penetrating new markets in the Australasia region to source both new capital and hedge fund managers. Challenger’s Richard Howes, principal executive officer, will become a member of the SkyBridge Investment Committee.

Anthony Scaramucci, managing partner of SkyBridge Capital, said the firm’s joint venture with Challenger will allow it to “dramatically” extend its reach to source new managers globally, and give the firm a significant new distribution channel in Australia.

The deal is expected to close in the second quarter.

SkyBridge also said it plans to open a London office in the third quarter that will serve as the firm’s center for sourcing Europe-based managers and investors.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...