7 Questions for Anthony Scaramucci of Skybridge Capital
Nov 30th, 2009 | Filed under: Hedge Fund Industry Trends, Today's Post
By: Andrew Saunders, AllAboutAlpha.com Editorial Board.
When launching a hedge fund, managers face an implicit conundrum – how do you raise money without a track record and how do you develop a track record without the money?
The increasingly acceptable approach is to accept seed capital – the venture capital component of the hedge fund universe. But that wasn’t always the case. Strong arguments were made for a selection bias in managers that opt for a seed investment, the argument ran something like, “if you’re that good, you won’t give away equity” approach. However the environment has changed. Recent research from Acceleration Capital Group offers some metrics around the trends. To provide an informed view from the seeding perspective, we direct our 7 questions this month to Anthony Scaramucci, Managing Partner of SkyBridge Capital, to help us understand the current dynamics.
After graduating from Harvard Law School, Scaramucci started his investment career at Goldman Sachs, built a managed account business and started four hedge funds before selling the business to Neuberger Berman. Scaramucci launched SkyBridge Capital in 2005. More…
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