Scaramucci’s SkyBridge Tumbled 39% on FTX, Crypto Dive (1)

Anthony Scaramucci’s SkyBridge Capital lost 39% last year in its biggest fund after wrong-way bets on cryptocurrencies and now-bankrupt FTX, spurring investors to ask the firm to return more than half of their money.

SkyBridge’s largest fund, with $1.3 billion of assets at the end of the third quarter, had one of its worst months of 2022 in November, when FTX declared bankruptcy, according to people familiar with its performance.

Investors, who are now limited to making two withdrawal requests each year, asked to pull 60% of the fund’s capital for the Sept. 30 redemption period, but SkyBridge ...