SkyBridge Capital

SkyBridge Capital is a global investment firm based in New York City, United States. It is run by founder Anthony Scaramucci, Brett S. Messing, Raymond Nolte and Troy Gaveski.[1][2][3]

SkyBridge Capital
TypePrivate
IndustryInvestment Management
Founded2005
Headquarters527 Madison Avenue
New York City, United States
Key people
Anthony Scaramucci
Raymond Nolte
Brett S. Messing
Websitewww.skybridge.com

SkyBridge's core investment offerings are fund of hedge funds products, custom separate accounts and hedge fund advisory services. SkyBridge also manages a Real Estate Investment Trust focusing on Opportunity Zones.

SkyBridge produces the SkyBridge Alternatives Conference, or "SALT" Conference, a global thought leadership and capital introduction forum.[4] In addition to its annual flagship event in Las Vegas, SALT has hosted conferences in Singapore, Tokyo and Abu Dhabi.[5]

History

SkyBridge Capital was founded in 2005 with a focus on hedge fund seeding, but today focuses on fund of hedge funds and hedge fund advisory. Anthony Scaramucci was previously the co-founder of Oscar Capital Management, which was sold to Neuberger Berman in 2001. Upon Neuberger Berman's sale to Lehman Brothers in 2003, Scaramucci served as managing director in their Investment Management division. Scaramucci also served as a vice president in Goldman Sachs Private Wealth Management group.[6]

In June 2010, SkyBridge acquired Citigroup Alternative Investments Hedge Fund Management Group and Ray Nolte, joined as co-managing partner and chief investment officer. Nolte was previously the chief executive officer and chief investment officer of the Citigroup Alternative Investments Hedge Fund Management Group. Earlier, he held positions at Deutsche Bank and Bankers Trust Company.[7][8] Sadis & Goldberg advised on this transaction.[9] After the acquisition, SkyBridge’s focus changed from seeder to integrated asset manager with a dual fund of funds/seeding model.[10] SkyBridge Capital no longer seeds.[11]

In March 2015, the company opened its third office in Palm Beach Gardens, Florida.[12] The company was also the title sponsor of West Palm Beach's inaugural bike share program, SkyBike, before the program shut down in December 2019.[13][14]

On January 17, 2017, SkyBridge announced that it had signed a definitive purchase agreement with RON Transatlantic and HNA Capital U.S., with founder Scaramucci stepping down from his role as co-managing partner in order to take a role in Trump administration.[15]

However, on April 30, 2018, HNA and SkyBridge issued a joint statement the two sides had agreed not to pursue the deal, with Scaramucci returning as co-managing partner of the company.[16][17] The Committee on Foreign Investment in the United States had yet to approve HNA’s takeover. The statement said that the committee had offered the two sides "a path to approval" if they made certain changes, but that neither side believed it was in its best interest to continue.[18]

SALT Conference

SkyBridge Capital hosts a large investment conference, known as SALT, biannually in the U.S. and Asia/Middle East.[19] The first SALT conference was held in May 2009 in Las Vegas, Nevada and convened 500 asset managers, investors and other industry thought leaders.[20] The flagship conference has grown to include participation by over 2,000 investors, thought leaders, corporate executives and policy experts.[21] SALT describes its mission as facilitating balanced discussions and debates on macro-economic trends, geo-political events and alternative investment opportunities within the context of a dynamic global economy.[22][23]

Featured speakers have included:

Year Speakers
2010 Mitt Romney, George W. Bush, Izzy Englander, Michael Milken[24]
2011 Gordon Brown, Bill Clinton,[25] Steven A. Cohen, Rex Ryan, David Axelrod[26]
2012 Al Gore, Lim Hng Kiang, Michael Milken,[27] Colin Powell,[28] Paul Singer[29]
2013 Ehud Barak, Timothy Geithner, Jin Liqun, Al Pacino,[30] Dan Loeb, John Paulson, Wolfgang Puck, Leon Panetta, Nicolas Sarkozy, Oliver Stone[31]
2014 Tony Blair, Valerie Jarrett, Kenneth Langone, Don Brownstein, David M. Rubenstein, Lawrence H. Summers, David Tepper[32]
2015 John Paulson, David H. Petraeus, Dan Loeb, Don Brownstein, Lawrence H. Summers[33]
2016 Ken Griffin, Ron Howard, Will Smith, Kobe Bryant, Michael R. Bloomberg, Lara Logan[34]
2017 Joe Biden, Bill Ackman, John O. Brennan, David Cameron, Eric Schmidt, Mike Tyson, Donna Brazile, Valerie Jarrett, Dan Loeb, David M. Rubenstein[35]
2019 Nikki Haley, John F. Kelly, Mark Cuban, Steve Case, Michael Milken, Kara Swisher, Dr. Kai-Fu Lee, Ben Horowitz, Scooter Braun, Dr. Ben Carson, Adm. William McRaven, Ambassador Susan Rice[36]

SALT Asia was first held in October 2012, at the Marina Bay Sands in Singapore.[37] Most recently, in December 2019, SALT was held in Abu Dhabi, United Arab Emirates at the Emirates Palace.[38]

Offices

SkyBridge has offices in New York and Florida.[39][40]

Awards

HedgeWeek US Awards:

  • Named Best Fund of Hedge Funds in 2019.[41]

HFM InvestHedge Awards:

  • Named Fund of the Year - Global Multi-Strategy $500M - $1 Billion, 1 year track record (Legion Strategies) in 2018.
  • Named Fund of the Year - Global Multi-Strategy $500M - $1 Billion, 1 year track record (Legion Strategies) in 2017.[42]
  • Named Fund of the Year - $1 Billion+, 10 year track record (SkyBridge Multi-Adviser Hedge Fund Portfolios - Series G) in 2017.[43]
  • Named Fund of the Year - Global Multi-Strategy over $1 Billion, 10 year track record (Legion Strategies) in 2016.[44]
  • Named Fund of the Year - Global Multi-Strategy over $1 Billion, 10 year track record (Legion Strategies) in 2015.
  • Named Fund of the Year – 5 years and Global Multi-Strategy >$1bn, 5 year track record (SkyBridge Multi-Adviser Hedge Fund Portfolios – Series G) in 2014.[45]
  • Named Absolute FofHF (Fund of the Year) - Legion, Best Global Multi-Strategy $500–$1Bn - 5 Years (Legion), Best Global Multi-Strategy >$1Bn - 5 Years (Series-G), and 10 Year Award $1Bn (Series-G) in 2013.[46]
  • Named Global Multi-Strategy >$1BN" category for 2012.[47]

HFMWeek's US Performance Awards:

  • Named Best Fund of Hedge Funds - 40 Act Compliant (SkyBridge Multi-Adviser Hedge Fun Portfolios - Series G) in 2017.[48]
  • Highly Commended, Fund of Hedge Funds Long-Term Performance - over $1 Billion, 5 year track record (SkyBridge Multi-Adviser Hedge Fund Portfolios - Series G) in 2017.[49]
  • Named Best Fund of Hedge Funds Multi-Strategy - Long Term Performance - over $1 Billion, 5 year track record (SkyBridge Multi-Adviser Hedge Fund Portfolios - Series G) in 2016.
  • Named Best Fund of Hedge Funds Multi-Strategy - Long Term Performance - over $1 Billion, 5 year track record (SkyBridge Multi-Adviser Hedge Fund Portfolios - Series G) in 2016.[50]
  • Named "Fund of Hedge Funds 40 Act-Compliant Strategy" in 2013.[51]
  • Named "Fund of Hedge Funds Multi-Strategy Over $1B" category in 2012 and 2011.[52]

Hedge Funds Review Americas Awards:

  • Named Best Diversified Fund of Hedge Funds – over 10 years (Legion Strategies) in 2014.[53]
  • Named "Fund of Hedge Fund of the Year," and "Best Diversified Fund of Hedge Funds Over One Year" in 2013.[54]
  • Named "2012 Best Diversified FoHF Over Three Years" in 2012.[55]

References
  1. Giannone, Joseph A. (23 March 2009). "Now is best time to launch hedge fund: Scaramucci". Reuters. Retrieved 28 March 2015.
  2. Strauss, Lawrence A. (19 July 2014). "Ray Nolte: A Clearer Window Into Hedge Funds". Barron's. Retrieved 28 March 2015.
  3. "Anthony Scaramucci's SkyBridge Hires Brett Messing". Bloomberg.com. 2018-11-13. Retrieved 2020-03-17.
  4. Benner, Katie. "A Davos Grows in the Desert". Retrieved May 8, 2013.
  5. "SALT Abu Dhabi: Where finance, technology, geopolitics meet". Arab News. 2019-12-09. Retrieved 2020-03-17.
  6. Robinson, Edward (9 September 2011). "Scaramucci Fired by Goldman Schmoozes His Way Into Funds". Bloomberg Business. Retrieved 28 March 2015.
  7. "Citi Sells Fund of Funds Unit to SkyBridge". New York Times. April 14, 2010. Retrieved 11 November 2013.
  8. Makin, Claire (10 October 2013). "SkyBridge tones down prepayment sensitive mortgage holdings in favour of event driven". Hedge Fund Intelligence. Retrieved 28 March 2015.
  9. "Citi Sells Fund of Funds Unit to SkyBridge". New York Times. April 14, 2010. Retrieved January 18, 2017.
  10. Knab, Matthias. "Anthony Scaramucci/SkyBridge Capital: Fund of funds seeder, finding the next Ray Dalio, Daniel Och - Opalesque TV". www.opalesque.tv. Retrieved 2017-08-03.
  11. Newswires, Dow Jones. "SkyBridge to close hedge fund-seeding funds and return capital". www.fnlondon.com. Retrieved 2020-04-09.
  12. Ostrowski, Jeff (4 March 2015). "New York investment firm opens branch office in Palm Beach Gardens". Palm Beach Post. Retrieved 28 March 2015.
  13. Gehrke-White, Donna (4 March 2015). "SkyBridge Capital investment firm expanding to Palm Beach County". Sun Sentinel. Retrieved 28 March 2015.
  14. "West Palm's scooter effort edges out SkyBike rental program". The Palm Beach Post. Retrieved 2020-03-13.
  15. "Sale of ex-Trump aide Scaramucci's SkyBridge on track: executive". Reuters. 2017-09-19. Retrieved 2020-03-13.
  16. "After White House Stint and a Failed Deal, Anthony Scaramucci Is Back Where He Started". Fortune. Retrieved 2020-03-13.
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  19. Kanigher, Steve (May 21, 2010). "Obama's remark brings Wall Street players to Las Vegas". Las Vegas Sun.
  20. Taub, Rob (11 May 2014). "How SALT helped the Strip". Las Vegas Sun. Retrieved 28 March 2015.
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  25. Conference, The Third Annual SALT (2011-05-11). "The Third Annual SALT Conference". Long Ridge Partners. Retrieved 2020-03-31.
  26. Capital, SkyBridge. "Sold-Out SkyBridge Alternatives 'SALT' Conference 2011 To Convene in Las Vegas May 11-13". www.prnewswire.com. Retrieved 2020-03-31.
  27. "Salt Conference 2012 Asia Agenda" (PDF). Retrieved 31 March 2020.
  28. "about_salt". fast.saltconference.com. Retrieved 2020-03-31.
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