Anthony Scaramucci is rejoining hedge fund after sale collapses

Anthony Scaramucci is returning to Wall Street after a deal to sell his hedge fund business collapsed, a person famil...

Posted: May 1, 2018 10:53 AM
Updated: May 1, 2018 10:53 AM

Anthony Scaramucci is returning to Wall Street after a deal to sell his hedge fund business collapsed, a person familiar with the matter told CNNMoney.

Scaramucci, who famously lasted just 10 days in the Trump administration last year as White House communications director, is coming back to SkyBridge Capital as co-managing partner, the person said.

The move comes after SkyBridge, a network of hedge funds that Scaramucci founded in 2005, failed to get federal regulators to sign off on its planned sale to the Chinese conglomerate HNA Group.

Scaramucci had resigned from SkyBridge in January 2017 when the HNA deal was announced.

SkyBridge and HNA have mutually decided to terminate their agreement, a person familiar with the matter said. "It's time to move on," the person said.

Neither HNA nor SkyBridge would comment on news of the deal's being abandoned. Scaramucci did not immediately respond to a request for comment.

Scaramucci garnered national attention last summer during a chaotic and controversial stint in the White House. He was fired days after unleashing a vulgar tirade against top White House officials.

Related: HNA trims its stake in Deutsche Bank

The proposed sale of SkyBridge to a Chinese conglomerate drew a lengthy review from the Committee on Foreign Investment in the United States, an inter-agency government committee that evaluates sales of US businesses to foreign entities to determine the impact on national security.

Although the sale has been called off, the source said the two companies are considering a potential marketing relationship under which HNA would distribute SkyBridge's hedge fund products in China.

After a years-long buying spree, HNA has lately reversed course by unloading billions of dollars of foreign assets to ease financial pressure. HNA recently revealed that it trimmed its stake in Deutsche Bank and plans to get rid of a $6.5 billion stake in Hilton Worldwide.

Scaramucci used to hold an extravagant hedge fund conference at the Bellagio in Las Vegas and hosted a show on Fox Business. The Harvard Law School graduate got his start in finance in 1989 at Goldman Sachs.

West Lafayette
Clear
74° wxIcon
Hi: 79° Lo: 55°
Feels Like: 74°
Kokomo
Clear
71° wxIcon
Hi: 77° Lo: 53°
Feels Like: 71°
Rensselaer
Clear
72° wxIcon
Hi: 77° Lo: 55°
Feels Like: 72°
Fowler
Clear
70° wxIcon
Hi: 77° Lo: 55°
Feels Like: 70°
Williamsport
Clear
70° wxIcon
Hi: 77° Lo: 55°
Feels Like: 70°
Crawfordsville
Clear
73° wxIcon
Hi: 77° Lo: 54°
Feels Like: 73°
Frankfort
Clear
73° wxIcon
Hi: 76° Lo: 53°
Feels Like: 73°
Delphi
Clear
73° wxIcon
Hi: 78° Lo: 54°
Feels Like: 73°
Monticello
Clear
73° wxIcon
Hi: 79° Lo: 56°
Feels Like: 73°
Logansport
Clear
72° wxIcon
Hi: 78° Lo: 53°
Feels Like: 72°
Another great workday for your Tuesday with sunshine
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 774097

Reported Deaths: 14012
CountyCasesDeaths
Marion1064061810
Lake571801030
Allen43386701
Hamilton37585426
St. Joseph37480568
Elkhart29847471
Tippecanoe23679231
Vanderburgh23586405
Porter19665327
Johnson18990394
Hendricks18232323
Clark13691199
Madison13675348
Vigo12937256
Monroe12673178
LaPorte12617225
Delaware11207198
Howard10791237
Kosciusko9839124
Hancock8845150
Bartholomew8327157
Warrick8194157
Floyd8108183
Grant7430181
Boone7279105
Wayne7264201
Morgan6974143
Marshall6365117
Dubois6310118
Cass6121112
Noble605891
Dearborn605478
Henry5988111
Jackson520177
Shelby514098
Lawrence4999127
Gibson470997
Montgomery463592
Clinton461755
DeKalb460785
Harrison458377
Huntington426982
Whitley420045
Steuben413661
Miami409373
Jasper403457
Knox396091
Putnam388362
Wabash373184
Adams357156
Ripley353871
Jefferson349787
White341454
Daviess3102100
Wells305581
Greene297585
Decatur294093
Posey288035
Fayette287464
Scott284458
LaGrange278772
Clay277049
Washington256838
Randolph248483
Jennings242149
Spencer240231
Fountain238350
Starke231359
Owen226159
Sullivan223243
Fulton210045
Jay203732
Carroll199723
Orange193856
Perry193039
Vermillion182844
Rush178927
Tipton174348
Franklin173735
Parke157016
Pike143734
Blackford138432
Pulaski124648
Newton124136
Benton111415
Brown106643
Crawford106516
Martin92915
Warren88115
Switzerland8528
Union73710
Ohio58511
Unassigned0429

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events