Hedge Fund News From HedgeCo.Net

Scaramucci to Raise Hedge-Fund Bets in Asia With SALT

Bloomberg – SkyBridge Capital LLC, the $6.7 billion fund of hedge funds that organizes the biggest industry event in the U.S., plans to increase investments in Asia as it kicks off its first conference in the region.

SkyBridge will seek to boost allocations to Asia-based managers to about 30 percent of total capital over the next decade, from about $250 million now, said Managing Partner Anthony Scaramucci. The Series G flagship fund, which has put money with Metacapital Management LP and Marathon Asset Management LP, is up 15.8 percent this year through Sept. 30, according to a letter to investors. That compares with the 2.8 percent advance by the Eurekahedge Fund of Funds Index.

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