Blue Skye Special Opportunities Fund: Blue Skye Investment Group

Knowing the rules of the game

House of cards

“You need to understand that it takes a lot of sweat to make money. It’s not a Bloomberg exercise,” declares Salvatore Cerchione, managing partner at Blue Skye Investment Group and one of the two managers for its only product, the Special Opportunities Fund.

And Blue Skye puts a lot of energy into running its rather unusual hedge fund product. The fund began life in late 2005, starting as an investment company dedicated to southern European investments at DB Zwirn & Co. In December 2008

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