SkyBridge Capital Hedge Fund Opening in Palm Beach Gardens
One of the splashiest hedge funds in the United States is setting up shop in South Florida with a sales and marketing office to woo Florida clients.
March 05, 2015 at 11:00 AM
3 minute read
One of the splashiest U.S. hedge funds is setting up shop in Palm Beach Gardens, opening a sales and marketing office to woo more Florida clients.
New York-based SkyBridge Capital, which handles $12.5 billion in client assets and mostly invests in other hedge funds, opened a 2,000-square-foot branch at 3601 PGA Blvd. on Wednesday.
The firm has been growing in size since the financial crisis, when it acquired a $4.2 billion funds unit from bailed-out megabank Citibank. Known for its outsize media presence, SkyBridge is behind an extravagant gathering for hedge-fund managers and investors held every year in Las Vegas.
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