‘Hedge-fund Hub’
The SALT event, which will be held at the Marina Bay Sands next month, will host speakers including former U.S. Treasury Secretary Timothy Geithner; Jin Liqun, former chairman of the board of supervisors at China Investment Corp., and managers from Fortress Investment Group LLC and Korea Investment Corp., according to the organizer.
For SALT “to be in Asia two years in a row tells us there is continued interest in Asia and the growing Asian hedge-fund industry,” said Will Tan, managing director at Singapore-based recruiting firm Principle Partners Pte. “Like most conferences, SALT is demand-driven so clearly this is a positive for Asia and for Singapore as a hedge-fund hub.”
About 1,000 people are expected to attend the four-day conference, according to the company. SkyBridge has been holding the SALT conference since 2009 in Las Vegas. The event in the gaming center in May attracted 1,900 people from 27 countries, according to SkyBridge.
The flagship fund returned a net 21.29 percent in 2012, aided by its investment in Third Point’s hedge fund, the letter to investor showed. The Series G fund benefited from allocations into funds that invested in structured credit and fixed-income mortgage-backed securities. Funds of hedge funds spread investors’ money across a variety of holdings.
Before starting SkyBridge in 2005, Scaramucci, known in the industry as “the Mooch,” co-founded Oscar Capital Management, which he sold to Neuberger Berman LLC in 2001. He had previously worked at Goldman Sachs Group Inc. in private wealth management.