Bloomberg Law
April 24, 2022, 2:00 PM

Scaramucci’s Crypto Pivot Comes With an Eye on Tripling Assets

Sonali Basak
Sonali Basak
Bloomberg News

Anthony Scaramucci, whose curiosity about cryptocurrencies began during his short stint in Washington, now plans to pivot his SkyBridge Capital toward digital assets after years of focusing on high-profile hedge funds.

Almost half of SkyBridge’s $3.5 billion under management is linked to crypto assets including Bitcoin, the Algorand protocol, Ethereum and publicly traded, crypto-related stocks, according to Scaramucci, who returned to money management at his New York-based firm after 11 days as then-President Donald Trump’s director of communications in 2017.

SkyBridge expects that the crypto focus could help triple assets to $10 billion, with digital assets representing the majority of those ...