Wednesday, 27 August 2014
Last updated 9 hours ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...