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Anthony Scaramucci Looking to Sell Skybridge Capital

December 14, 2016

Anthony Scaramucci may be parting ways with his “local bodega.” The 52-year-old hedgie is mulling a sale of his SkyBridge Capital firm, a fund of hedge funds, ashe weights a possible job in the Trump administration. Scaramucci served on Trump’s finance committee during the campaign and continues to act as a member of the president-elect’s transition team.

 

Last month, Scaramucci, who also owns and hosts “Wall Street Week” on TV, told The NYPost that he would like to work in the Trump administration but it would be difficult for him to leave SkyBridge. Still, Scaramucci admitted that it would be difficult for him to turn down an offer from Trump.

 

“If I was asked to do something super important, I don’t think people say no to the president,” Scaramucci said.

 

Scaramucci - who's a (hold on... ) former Goldman Sachs executive - founded SkyBridge in 2005. The firm had a tough time in its early years as assets fell from roughly $400 million to $200 million during the depths of the financial crisis in 2009. Yet, it rebounded and, as of 10/31/16, the firm had $11.8 billion in assets under management.