SkyBridge Capital Opens Office In South Florida

Attracted by the State's Strong Economic Growth, Firm Chooses Palm Beach County as its Southeast Hub and Announces it is the Title Sponsor of West Palm Beach's New Bike-Share Program, "SkyBike"

News provided by

SkyBridge Capital

Mar 04, 2015, 09:45 ET

PALM BEACH GARDENS, Fla., March 4, 2015 /PRNewswire/ -- SkyBridge Capital, a global investment firm with approximately $12.5 billion in assets under management and advisement, today announced it has opened an office in Palm Beach Gardens, Florida. As the firm marks its 10^th anniversary and continues to expand and raise assets from around the globe, it has targeted Florida as a top region for growth.

The new office is located at the Grand Bank Center, 3601 PGA Boulevard, Suite 200 in Palm Beach Gardens, Florida. It will initially serve as the firm's regional headquarters for Southeast sales and marketing, and is expected to grow and add more employees over time.

"We couldn't be more excited to establish a foothold in Florida," said Ray Nolte, co-managing partner and chief investment officer of SkyBridge Capital. "The State is leading the nation in economic and job growth, offers attractive tax policies and is one of the top regions from which we are raising assets. We expect it to be a steady growth market for the firm."

Furthering its commitment to the region, SkyBridge Capital's founder Anthony Scaramucci joined West Palm Beach Mayor Jeri Muoio and private sector partner P3GM to announce that SkyBridge Capital is the title sponsor of the city's first-ever bike share program, "SkyBike." Beginning in Spring 2015, 150 SkyBikes will be available for rental at 14 bike share stations across the West Palm Beach downtown area.

"Rather than just marketing and advertising through traditional channels, SkyBike is an opportunity to integrate with the community and provide something that hopefully improves city living," said Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital. "In addition to seeing more of SkyBridge Capital in Palm Beach County, I predict that by 2025, South Florida will be one of the country's top markets for the financial services industry."

About SkyBridge Capital

SkyBridge Capital, a global investment firm with approximately $12.5 billion in assets under management or advisement as of December 31, 2014. The firm applies a diversified investment approach, looking across various themes, strategies and asset classes in real time. SkyBridge Capital's range of investment offerings for institutional and multidiscipline investors include commingled funds of hedge funds products, customized separate account portfolios, hedge fund advisory services and a long-only mutual fund. The firm is headquartered in New York and also has a presence in Zurich, Switzerland. For more information visit www.skybridgecapital.com. .

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SOURCE SkyBridge Capital