Skybridge Moves Away From Activist Hedge Funds

Stung by a strategy that was significantly down last year and is a sector generating losses this year as well, Ray Nolte, chief investment officer at SkyBridge Capital, could be looking to get ahead of the hedge fund returns curve and move into more consistent forms of revenue generation. Nolte is taking Skybridge’s $12.3 billion under management and tapering off the fund of fund’s relationship with activist and event-driven hedge fund strategies, shifting toward structured credit strategies, a Bloomberg Brief report notes. Activist hedge funds down again in 2016, Skybridge looks at other options Nolte told Bloomberg’s Simone Foxman that in…