Scaramucci’s SkyBridge Limits Client Exits Even as Crypto Soars
- Investors holding 70% of shares want their money back
- Fund started curtailing redemptions during ‘crypto winter’
Anthony Scaramucci
Photographer: Eva Marie Uzcategui/BloombergThis article is for subscribers only.
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.