Sunday, 28 December 2014
Last updated 3 days 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.