As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 8 hours ago
Aug 21 2008 | 11:16am ET
Hedge fund seeder SkyBridge Capital has made its first investment from its second fund.
The New York-based firm has invested in Outpost Investment Group, a global macro shop founded in March. The firm specializes in fixed-income, currency, equity and commodity investments in G10 countries.
In addition to its investment, SkyBridge will also offer Outpost business-building support.
“We are pleased to partner with Outpost’s team of talented investment managers,” SkyBridge managing partner Scott Prince said. “They stand apart from other global macro managers we’ve evaluated, differentiated by their strong pedigree and approach to risk management, and we look forward to a long-lasting relationship with them.”
Outpost was founded by Peter Forlenza, former global head of equities at Bank of America, Jason Bajaj, former managing director at Goldman Sachs, and Allen Arakal, formerly yen interest rate strategist at hedge fund JWM Partners.