Anthony Scarramucci

SkyBridge Capital is working on pivoting the majority of its assets under management (AUM) to digital assets, as the sector represents “tremendous growth” for the firm. The hedge fund was founded by former U.S. politician Anthony Scaramucci in 2005, and first delved into Bitcoin (BTC) in late 2020. The firm also has money deployed in other hedge funds, late-stage private tech companies and real estate, with its total AUM reported being around $7.3 billion. Skybridge now manages a $7 million Bitcoin Fund among others and has been actively working to get a spot BTC exchange-traded fund (ETF) approved by the U.S. Securities and Exchange Commission (SEC). Speaking with Bloomberg in the lead up to the annual SkyBridge Alternatives Conference (SALT) this week, Scaramucci said that the firm is re...