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

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR