SkyBridge Capital Makes Strategic Investment in Outpost Investment Group, LLC, a Global Macro-Focused Investment Management Firm

    - Investment in Outpost is First from SkyBridge Capital's New Fund -



    NEW YORK, Aug. 21 /EMWNews/ -- SkyBridge Capital, which provides

strategic capital to new and early-stage hedge funds, and Outpost

Investment Group, LLC, a New York-based global investment management firm,

jointly announced today that SkyBridge Capital has invested in Outpost.



    Outpost Investment Group's discretionary Global Macro Fund is focused

on delivering stable alpha to institutional investors primarily through G10

fixed income, currency, equity, and commodity investments. The firm's

investment team combines top-down macro research with bottom-up micro

catalysts. Outpost was founded in March 2008 by Peter Forlenza, Chief

Executive Officer; Jason Bajaj, Chief Investment Officer; and Allen Arakal,

Portfolio Manager. The investment team is rounded out by Martin Walker,

Portfolio Manager, and Robert S. Morris, Global Energy Portfolio Manager.

Additional biographical information on the Outpost principals is provided

below.



    In addition to providing Outpost with long-term strategic capital,

SkyBridge Capital will seek to enhance its investment in Outpost by

providing business-building support. This investment is the first by

SkyBridge Capital's new fund, SkyBridge Capital II, LLC. In aggregate,

SkyBridge Capital and its underlying managers currently have approximately

$1.8 billion under management.



    "We are pleased to partner with Outpost's team of talented investment

managers," said Scott Prince, Managing Partner of SkyBridge Capital. "They

stand apart from other global macro managers we've evaluated,

differentiated by their strong pedigree and approach to risk management,

and we look forward to a long-lasting relationship with them."



    "SkyBridge Capital is one of the leading strategic investors in new

hedge fund managers and the ideal partner for Outpost as we move forward,"

said Peter Forlenza, Outpost's CEO. "The firm has unmatched

business-building and investment-support capabilities, including an

exceptional risk management capability and a growing distribution

platform."



    Additional Biographical Information on Outpost's Principals



    -- Mr. Forlenza most recently was the Global Head of Equities for Bank

of America, managing a range of products including Equity Derivatives, Cash

Equity Sales and Trading, Equity Capital Markets, Portfolio Trading, Prime

Brokerage/Equity Finance, Equity Research and all Equity Proprietary

Trading. As a member of the Bank of America Global Markets Leadership Team

and Global Risk Committee, he was part of a small group of executives

managing the entire global markets business and evaluating all of the risk

across all Fixed Income and Equity businesses. Prior to Bank of America,

Mr. Forlenza was a senior executive at Citigroup and its predecessor firms

Salomon Smith Barney and Salomon Brothers. He held dual roles at Citigroup

before his departure: Head of European Equity Trading and Global Head of

Portfolio Trading. He began his career at Salomon Brothers and is credited

with being one of the industry's pioneers in Program Trading, a business he

built from inception for Salomon.



    -- Mr. Bajaj was most recently a Managing Director within the equities

division at Goldman, Sachs & Co. Prior to Goldman Sachs, he was a Portfolio

Manager at Triloka Capital where he managed the Global Macro and Event

trading business. He was a key contributor in all aspects of business

development, including the building of trading and risk management systems,

infrastructure creation, and managing and researching new trade

opportunities. Before Triloka, Mr. Bajaj worked at Salomon Brothers and

Morgan Stanley focusing on Japan and Asia proprietary macro risk trading.



    -- Allen Arakal, Partner and Portfolio Manager, has 14 years of trading

and financial markets experience. Prior to founding Outpost, Allen was a

strategist at JWM Partners, LLC where he worked on the Yen Interest Rate

Relative Value Portfolio for the last two years. He was responsible for

day- to-day risk management, modeling, trade idea generation and execution

for all yen rate products. Previously, Allen spent a brief period

consulting with Pantera Global Macro Fund on risk and cash management.

Prior to that, he spent twelve years at Goldman Sachs Group working in New

York, Tokyo and London where he traded various interest rate products from

money markets to interest rate derivatives.



    -- For the past 18 years, Mr. Walker has specialized in G12 fixed

income and currency macro trading, repo market making, option market

making, and commodity proprietary trading. Most recently, he was the Global

Economic Policy Portfolio Manager at Graham Capital. Previous to Graham, he

was a Portfolio Manager at Triloka Capital and the macro trading strategist

at Brevan Howard Asset Management in London. He was responsible for G12

macro trading in fixed income and currencies and incorporated fundamental

economic research, flow analysis, structuring, VaR and technical analysis

in his portfolio construction. Mr. Walker's experience covers interest rate

swaps of all maturities including Eonia and OIS, swaptions, caps and

floors, cash bonds, options, ETF's, and spot/forward/exotics currency.

Previous to Brevan Howard, Martin worked with the same team on the

proprietary trading desk at Credit Suisse First Boston extensively focusing

on short-dated interest rate and interest rate options markets.



    -- Mr. Morris has 22 years of energy industry experience both as an

engineer and senior investment analyst on Wall Street. Most recently, he

was a Managing Director and the Oil and Gas Exploration & Production (E&P)

equity analyst as well as the Energy Team Head for Bank of America

Securities. Prior to Bank of America, he held the same or similar positions

for Salomon Smith Barney (now Citigroup) and PaineWebber (now UBS

Securities). In total, Mr. Morris was the #1 ranked E&P analyst for the

most recent six years (2002-2007) in the Institutional Investor Magazine's

annual All-America Research Team and most recent five years (2003-2007) in

the Greenwich Research Poll. Prior to working as a senior investment

analyst, Mr. Morris worked for Wolverine Exploration Company as the Vice

President of Planning & Development and also as an engineer for Mobil Oil

Corporation.

    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. SkyBridge

Capital has strategic investments in eight funds. In aggregate, SkyBridge

Capital and its underlying managers currently have approximately $1.8

billion under management.



    In May 2008, SkyBridge Capital formed a long-term strategic

relationship with Challenger Financial Services Group Limited (ASX: CGF), a

leading Australian financial services company, focused on the launch of the

first global institutional hedge fund seeding and alternative investment

management platform.








    Contact:



    Victor M. Oviedo                    Todd Fogarty

    SkyBridge Capital, LLC              Kekst and Company

    Tel: 212-485-3118                   Tel: 212-521-4854

    [email protected]        [email protected]