Fund of hedge funds firm SkyBridge Capital, best known for its ultra-popular annual SkyBridge Alternative Conference in Las Vegas, is discontinuing its Singapore edition.
CNBC reported that the SALT Singapore will hold its third and last conference from October 21 to October 24 later this year due to lackluster number of attendees. The Singapore event attracts an average of 1,000 people each year—about half of Las Vegas just 1,000 attendees each year.
SkyBridge is considering alternate Asian locations for the 2015 conference, including Tokyo, Hong Kong, Macau and Seoul.
SALT Las Vegas, the largest hedge fund industry conference held in the Nevada gambling mecca every May, has lured hedge fund power players such as Steven Cohen and John Paulson and political figures like Bill Clinton and Tony Blair.
Founded by Anthony Scaramucci, SkyBridge manages about $9.6 billion in assets.