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.
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. In addition to its annual flagship event in Las Vegas, SALT has hosted conferences in Singapore, Tokyo and Abu Dhabi.
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.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. Sadis & Goldberg advised on this transaction. After the acquisition, SkyBridge’s focus changed from seeder to integrated asset manager with a dual fund of funds/seeding model. SkyBridge Capital no longer seeds.
In March 2015, the company opened its third office in Palm Beach Gardens, Florida. 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.
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.
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. 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.
SALT Conference
SkyBridge Capital hosts a large investment conference, known as SALT, biannually in the U.S. and Asia/Middle East. The first SALT conference was held in May 2009 in Las Vegas, Nevada and convened 500 asset managers, investors and other industry thought leaders. The flagship conference has grown to include participation by over 2,000 investors, thought leaders, corporate executives and policy experts. 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.Featured speakers have included:
| Year | Speakers |
| 2010 | Mitt Romney, George W. Bush, Izzy Englander, Michael Milken |
| 2011 | Gordon Brown, Bill Clinton, Steven A. Cohen, Rex Ryan, David Axelrod |
| 2012 | Al Gore, Lim Hng Kiang, Michael Milken, Colin Powell, Paul Singer |
| 2013 | Ehud Barak, Timothy Geithner, Jin Liqun, Al Pacino, Dan Loeb, John Paulson, Wolfgang Puck, Leon Panetta, Nicolas Sarkozy, Oliver Stone |
| 2014 | Tony Blair, Valerie Jarrett, Kenneth Langone, Don Brownstein, David M. Rubenstein, Lawrence H. Summers, David Tepper |
| 2015 | John Paulson, David H. Petraeus, Dan Loeb, Don Brownstein, Lawrence H. Summers |
| 2016 | Ken Griffin, Ron Howard, Will Smith, Kobe Bryant, Michael R. Bloomberg, Lara Logan |
| 2017 | Joe Biden, Bill Ackman, John O. Brennan, David Cameron, Eric Schmidt, Mike Tyson, Donna Brazile, Valerie Jarrett, Dan Loeb, David M. Rubenstein |
| 2019 | Nikki Haley, Gen. John 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 |
SALT Asia was first held in October 2012, at the Marina Bay Sands in Singapore. Most recently, in December 2019, SALT was held in Abu Dhabi, United Arab Emirates at the Emirates Palace.
Offices
SkyBridge has offices in New York and Florida.Awards
HedgeWeek US Awards:- Named Best Fund of Hedge Funds in 2019.
- Named Fund of the Year - Global Multi-Strategy $500M - $1 Billion, 1 year track record in 2018.
- Named Fund of the Year - Global Multi-Strategy $500M - $1 Billion, 1 year track record in 2017.
- Named Fund of the Year - $1 Billion+, 10 year track record in 2017.
- Named Fund of the Year - Global Multi-Strategy over $1 Billion, 10 year track record in 2016.
- Named Fund of the Year - Global Multi-Strategy over $1 Billion, 10 year track record in 2015.
- Named Fund of the Year – 5 years and Global Multi-Strategy >$1bn, 5 year track record in 2014.
- Named Absolute FofHF - Legion, Best Global Multi-Strategy $500–$1Bn - 5 Years, Best Global Multi-Strategy >$1Bn - 5 Years, and 10 Year Award $1Bn in 2013.
- Named Global Multi-Strategy >$1BN" category for 2012.
- Named Best Fund of Hedge Funds - 40 Act Compliant in 2017.
- Highly Commended, Fund of Hedge Funds Long-Term Performance - over $1 Billion, 5 year track record in 2017.
- Named Best Fund of Hedge Funds Multi-Strategy - Long Term Performance - over $1 Billion, 5 year track record in 2016.
- Named Best Fund of Hedge Funds Multi-Strategy - Long Term Performance - over $1 Billion, 5 year track record in 2016.
- Named "Fund of Hedge Funds 40 Act-Compliant Strategy" in 2013.
- Named "Fund of Hedge Funds Multi-Strategy Over $1B" category in 2012 and 2011.
- Named Best Diversified Fund of Hedge Funds – over 10 years in 2014.
- Named "Fund of Hedge Fund of the Year," and "Best Diversified Fund of Hedge Funds Over One Year" in 2013.
- Named "2012 Best Diversified FoHF Over Three Years" in 2012.