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