Scaramucci’s $9.2B SkyBridge ‘May Seek Exposure to Digital Assets’

Anthony Scaramucci’s mega hedge fund, SkyBridge Capital, just gave itself the ability to bet on cryptocurrencies from afar.

In a series of filings with the U.S. Securities and Exchange Commission published Friday and Monday, the $9.2 billion asset manager helmed by the one-time spokesman of U.S. President Trump signaled that two of its funds “may seek exposure to digital assets.” The documents are meant to give SkyBridge the green light to invest in other funds that have money in the crypto markets or in the companies supporting the ecosystem.

“Investment Funds may invest in digital assets without restriction as to market capitalization or technological features or attributes (including lesser-known or novel digital assets known as ‘altcoins’) and may invest in initial coin offerings, which have historically been subject to fraud,” the filing stated.

Whether SkyBridge’s two included fund-of-funds – SkyBridge G II Fund LLC and SkyBridge Multi-Adviser Hedge Fund Portfolios LLC – have actually begun seeking out crypto investments was not immediately clear at press time.

Google Play

Source link

What do you think?


Leave a Reply



Bitcoin Price Continues to Roar Higher, Pushing to $16,750

3 Reasons Why Bitcoin Surged Past $16,800 to New 2020 High