Posted on 04/13/2020 10:29:51 AM PDT by NohSpinZone
Anthony Scaramucci’s SkyBridge Capital LLC was hit by heavy losses in March from a big bet on debt investments and now is considering possible steps after some of its hedge-fund managers prevented SkyBridge and other clients from withdrawing their money.
New York-based SkyBridge invests billions of dollars in hedge funds for wealthy clients. The firm lost 22.5% in March in its flagship fund, according to an investor document reviewed by The Wall Street Journal. For the year, the fund is down 21.9% through March. Some of those hedge funds have blocked SkyBridge and other investors from withdrawing money as they grapple with redemption pressures or less liquid markets.
(Excerpt) Read more at wsj.com ...
Waiting for the CNN interview noting that this is Trump’s fault.
Couldn’t happen to a nicer guy!
It’s worth noting that Scaramucci has endorsed Joe Biden for president. Maybe he thinks Slow Joe is the perfect guy to get the economy back on track.
If so, Scaramucci should get out of the investment business altogether.
When we can see the same news about George Sore-ass and his myriad of shell corporations, get back to me.
The Curse of Trump strikes again !
Darn I read it wrong I thought it said the mooch got the virus
So Mooch bet wrong, trashed the fund. Investor are stuck and he is telling them Biden is the guy to fix things.
He is ruined, and rightfully so.
They will probably have Never-Trump Anthony Scaramucci on to do it for them.
The 'mooch's check to Joe bounced.
Well, that’s one good reason to make my own bad investment decisions instead of relying on an investment adviser to make them.
Compared to equities, bonds actually look pretty good over the last couple of months.
“He is ruined, and rightfully so.”
The TV cameras with the lights form a hypnotic jewel of incredible power, few can resist.
Just a newer version of the Sirens.
Back then you could put wax in your ears and pass safely by.
Good!
HaHaHaHaHaHaHaHaHaHaHaHaHa
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