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Cryptocurrencies: 27289
Markets: 108940
Market Cap: $3,811,914,659,354     
24h Vol: $95,467,003,561
Seeking Alpha 2023-01-27 21:08:16

Anthony Scaramucci's SkyBridge Capital lost 39% in 2022 as crypto bets went sour - report

Anthony Scaramucci's SkyBridge Capital lost 39% in 2022 as crypto bets went sour - report
The biggest funds of SkyBridge Capital, the investment management firm founded and run by Anthony Scaramucci, lost 39% last year due to cryptocurrency-focused wagers that went sour, Bloomberg reported Friday, citing people with knowledge on the matter. One of his firm's most notable bets featured an equity deal with the venture capital division of failed crypto exchange FTX ( FTT-USD ). SkyBridge then reportedly worked to repurchase its equity from FTX after its collapse late last year. The sharp decline in SkyBridge's performance in 2022 triggered sizable redemption requests from investors that accounted for 60% of the firm's capital for the Sept. 30 deadline, according to a January regulatory filing viewed by Bloomberg . Just 10% of that capital was returned to investors. Despite the tough year for his firm, Scaramucci earlier this month was said to have been one of several high-profile backers for a new crypto venture run by the former president of FTX's American division .
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