Skybridge funds WyeTree Asset Management

Skybridge Capital has funded WyeTree Asset Management. "WyeTree is currently investing in US sub-prime mortgage-backed securities and sub-prime mortgages, but it is expected to eventually invest in mortgages outside the US, as well as in securities backed by home loans rated higher than sub-prime. The vehicle may also invest in other distressed assets. In addition to providing WyeTree with long-term strategic capital, SkyBridge Capital will seek to enhance its investment in WyeTree by providing business-building support. SkyBridge Capital’s investment is being made from its SkyBridge Capital II Fund. In aggregate, SkyBridge Capital and its underlying managers currently have approximately USD1.5bn under management."

http://www.hedgeweek.com/articles/detail.jsp?content_id=329543

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