Anthony Scaramucci's SkyBridge Capital limited redemptions as bets on FTX and crypto resulted in a 39% loss last year

Fri, 01/27/2023 - 13:31

Anthony Scaramucci's SkyBridge Capital suffered a 39% loss in its top funds in 2022, according to Bloomberg.
That's due to losing bets on FTX and cryptocurrencies, pushing investors to pull their money out.
SkyBridge investors asked to withdraw 60% of a top fund's capital in the September 30 redemption period, but it only returned 10%.

SkyBridge Capital's biggest funds suffered a 39% loss in 2022 thanks to losing bets on FTX and cryptocurrencies, according to a report from Bloomberg.

The firm's largest fund was rocked in November by FTX's collapse. Cryptocurrencies made up some 28% of the fund, while its stake in FTX accounted for 14%.