SkyBridge Capital Makes Strategic Investment in Capital Returns Master, Ltd.,
a Global Long/Short Equity Hedge Fund Focused on Insurance Industry
NEW YORK, April 29 /PRNewswire/ -- SkyBridge Capital, LLC, which provides
strategic capital to new and early-stage hedge funds, and Capital Returns
Master, Ltd., a global long/short equity hedge fund focused on the insurance
industry, today jointly announced that SkyBridge Capital has invested in
Capital Returns from its SkyBridge Capital Partners, L.P. and SkyBridge
Capital (Cayman) Ltd. Funds.
In addition to providing Capital Returns with long-term strategic capital,
SkyBridge will seek to enhance its investment in Capital Returns by providing
business-building support.
Capital Returns was founded by Ronald D. Bobman in 2003. Since its
inception, the fund has focused its investments within the global insurance
industry, relying on Mr. Bobman's direct industry experience. Prior to
founding the firm, Mr. Bobman was a portfolio manager at Bedford Oak Advisors
and prior thereto, he executed mergers, acquisitions and corporate financings
for investor Sam Zell and Capsure Holdings, an insurance holding company
controlled by Mr. Zell. Mr. Bobman received his Masters in Management from
Kellogg Graduate School of Management, and a B.S. in Economics from Wharton
School at the University of Pennsylvania.
Anthony Scaramucci, Managing Partner of SkyBridge Capital, said, "The
Capital Returns team, led by Ron Bobman, is differentiated by its deep
insurance industry experience and strong portfolio and risk management
disciplines. We were also attracted to Mr. Bobman's consistent record of
strong investment returns over the nearly five-year period since the fund's
inception. We look forward to working together in partnership to further
build and grow this business."
Mr. Bobman said, "We are pleased to have partnered with SkyBridge Capital,
which has distinguished itself in the industry with its business-building and
investment-support capabilities. Having considered multiple strategic
partners, SkyBridge was by the far the best partner to further build our
business. We look forward to a long-lasting partnership with them."
About SkyBridge Capital
SkyBridge Capital is a private investment partnership that provides
strategic capital to talented managers who are developing new or early-stage
hedge funds. The firm's team of experienced professionals coordinates a
global network of partners in sourcing hedge fund managers and providing
business-building and investment-support services from its headquarters in New
York. SkyBridge Capital has strategic investments in seven funds. In
aggregate, SkyBridge Capital and its underlying managers currently have
approximately $1.5 billion under management.
Contact:
Victor M. Oviedo Ronald Bobman
SkyBridge Capital, LLC Capital Returns Management, LLC
Tel: 212-485-3118 Tel: 212-813-0860
voviedo@skybridgecapital.com ron@capreturns.com
SOURCE SkyBridge Capital LLC
Victor M. Oviedo of SkyBridge Capital, LLC, +1-212-485-3118,
voviedo@skybridgecapital.com; or Ronald Bobman of Capital Returns Management,
LLC, +1-212-813-0860, ron@capreturns.com
