Union Avenue Advisors applies a disciplined trading approach to capitalise on a constant flow of informational inefficiencies in international financial markets, with a specific focus on the equity markets outside the US.

In addition to providing Union Avenue with long-term strategic capital, SkyBridge Capital will seek to enhance its investment in Union Avenue by providing business-building support.

SkyBridge Capital's investment is being made from its SkyBridge Capital fund. In aggregate, SkyBridge Capital and its underlying managers currently have approximately USD1.5bn under management.

Union Avenue was founded in 2008 by Thomas R. Grossman. In early 2000, after three years at SAC International Equities, where he was director of all non-US trading, he formed Aeneas Capital Management.

From 2000 to 2008, he was managing member of Aeneas, where, from inception, he managed the flagship APC Fund, employing the same investment strategy that is being followed at Union Advisors.

Grossman liquidated Aeneas in mid-2006 and, in 2007, ran a managed account for Ospraie Management. From 1994 through 1997, he was head of international trading at Kingdon Capital Management. From 1992 through 1994, he worked at Goldman Sachs in international sales and trading.

Anthony Scaramucci, managing partner of SkyBridge Capital (pictured), says: 'Tom Grossman is a proven emerging market investor, who has delivered strong performance in a range of market environments. We believe Tom and the Union Avenue team possess an unmatched information network and are well positioned to capture opportunities as market inefficiencies have increased, and a number of market participants have de-levered and de-risked.'

Grossman says: 'As we build Union Avenue, SkyBridge Capital, one of the leading strategic investors in new hedge fund managers, is an ideal partner. The firm has unmatched business-building and investment-support capabilities, including an exceptional risk management capability and a growing distribution platform. With the comprehensive operational footprint provided by SkyBridge, we are able to focus even more on the substantial market opportunities that exist.'