New York (HedgeCo.Net) – $12.5 billion hedge fund manager, SkyBridge Capital, has has targeted Florida as a top region for growth, opening an office in Palm Beach Gardens, Florida.

SkyBridge Capital’s founder Anthony Scaramucci joined West Palm Beach Mayor Jeri Muoio and private sector partner P3GM to sponsor of the city’s first-ever bike share program, “SkyBike.” Beginning in Spring 2015, 150 SkyBikes will be available for rental at 14 bike share stations across the West Palm Beach downtown area.

“Rather than just marketing and advertising through traditional channels, SkyBike is an opportunity to integrate with the community and provide something that hopefully improves city living,” said Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital. “In addition to seeing more of SkyBridge Capital in Palm Beach County, I predict that by 2025, South Florida will be one of the country’s top markets for the financial services industry.”

The new office is located at the Grand Bank Center, 3601 PGA Boulevard, Suite 200 in Palm Beach Gardens, Florida. It will initially serve as the firm’s regional headquarters for Southeast sales and marketing, and is expected to grow and add more employees over time.

“We couldn’t be more excited to establish a foothold in Florida,” said Ray Nolte, co-managing partner and chief investment officer of SkyBridge Capital. “The State is leading the nation in economic and job growth, offers attractive tax policies and is one of the top regions from which we are raising assets. We expect it to be a steady growth market for the firm.”

Alex Akesson
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