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Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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SkyBridge's Assets Sees 24% Increase Since Asia Conference

Aug 21, 2013
Jing Chen

Assets at fund of hedge funds firm SkyBridge Capital increased 24% to $8.3 billion since the firm held its alternatives conference for the first time in Singapore last October, according to a Bloomberg report.

SkyBridge managing partner Anthony Scaramucci told Bloomberg that more than 10% of the new allocations came from investors in Asia “who sees growing appetite from countries including South Korea and Japan for investments that deliver high returns with low volatility.” The firm’s AuM was just at $6.7 billion during its Asian inaugural SkyBridge Alternatives Conference, known as SALT.

New York-based SkyBridge announced a partnership with South Korea’s Woori Investment & Securities in July in an effort to expand its presence to Asia.

Scaramucci, who launched SkyBridge in 2005, is best known as the man behind SALT, which is the largest conference in the hedge fund industry.

 

 

 

 

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