SkyBridge Capital to open a new office in Zurich
|April 22nd, 2010||
|SkyBridge Capital announced this week that it was opening a office in Zurich. The fund of hedge funds manager will base its will base its European operations out of the new office. |
Thomas John Gallagher, who is the Chairman of SkyBridge Capital AG, said in statemner: “There is strong market demand in Europe for our activities, boosted by the agreement to acquire CAI, and Zürich represents an ideal location. It offers a perfect combination of large numbers of HNW Individuals, Family Offices, Private Banks and institutions providing new capital for seeding hedge funds together with a base to source talented emerging hedge fund managers.”
Earlier this month, Skybridge Capital announced that it was acquiring Citi Alternative Investments (“CAI”) from Citigroup. After the deal’s closure, Skybridge will have more than $5 billion in assets under management.
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