Scaramucci’s SkyBridge Limits Client Exits Even as Crypto Soars

Anthony Scaramucci effectively barred clients from exiting SkyBridge Capital’s crypto-focused hedge fund, even though returns have jumped.

Investors who own about 70% of the fund’s shares asked for their money back in the latest redemption period that ended in March, according to a regulatory filing. The fund — which returns money through a tender offer — bought back roughly 7% of those shares.

Scaramucci, 60, declined to comment, but he previously said the fund lets him limit redemptions and that he’s “operating inside the ambit of the prospectus.”

SkyBridge began curtailing withdrawals two years ago amid the so-called crypto ...