New York, NY (January 17, 2017) – SkyBridge Capital (“SkyBridge”), a leading global alternative investment firm, announced today that it has signed a definitive purchase agreement with RON Transatlantic EG (“RON Transatlantic”) and HNA Capital (U.S.) Holding (“HNA Capital U.S.”) for a majority stake in the firm. Financial terms of the transaction were not disclosed.

SkyBridge’s investment offerings include commingled funds of hedge funds products, customized separate account portfolios, hedge fund advisory services and a long-only mutual fund. SkyBridge managed or advised approximately $12 billion in assets as of November 30, 2016. SkyBridge has an exceptional retail distribution platform which brings its alternative and other asset management products to the mass affluent investor channel. The firm also hosts the SALT Conference, one of the world’s leading thought leadership and investment forums that convenes global leaders across business, finance and public policy to discuss economic trends, geopolitical events and investment strategies.

SkyBridge will continue to be led by its current senior management team and its full investment team will remain intact. SkyBridge founder, Anthony Scaramucci, will step down from his role as co-managing partner and will no longer be affiliated with SkyBridge or SALT.

The SALT Conference will be spun out as a standalone entity. This year’s SALT Conference, scheduled to be held May 16-19, 2017, in Las Vegas, will continue as planned.

Please find the full press release here.

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