SkyBridge Capital, an alternative investment firm that is acquiring the fund of hedge funds, hedge fund seeding and hedge fund advisory businesses from Citi Alternative Investments, has opened an office in Zürich.

SkyBridge Capital will base its European operations in Zürich, reinforcing the emerging trend of global financial institutions having a presence in Switzerland.

It build on SkyBridge Capital’s strong position in the US and existing partnership with Challenger, an Australian financial services organisation which supports SkyBridge Capital in penetrating new markets in Australasia, Europe and Japan.

SkyBridge Capital is launching a Luxembourg Sicav-SIF, SkyBridge Capital III, for European, Middle Eastern, Asian, Australian and Latin American investors. 

Thomas John Gallagher (pictured), chairman of SkyBridge Europe, says: “There is strong market demand in Europe for our activities, boosted by the agreement to acquire CAI, and Zürich represents an ideal location. It offers a perfect combination of large numbers of HNW individuals, family offices, private banks and institutions providing new capital for seeding hedge funds together with a base to source talented emerging hedge fund managers.”