SkyBridge Capital founder Anthony Scaramucci scores White House role

Mr. Scaramucci will have a general advisory role under President-elect Donald Trump, according to people familiar with the matter.
JAN 12, 2017
By  Bloomberg
Anthony Scaramucci, founder of SkyBridge Capital, has been named an assistant to President-elect Donald Trump, according to people familiar with the decision. Mr. Scaramucci will have a general advisory role in the White House, said the people who asked not to be identified without authorization to speak publicly. He's been a member of Mr. Trump's transition team, making public appearances on television in support of his policies. "It's not about me, and it's not about any of these people on the team," Mr. Scaramucci said in an interview at Trump Tower earlier Thursday. "It's about president-elect Trump and the American people." Mr. Scaramucci has been seeking to sell his New York-based fund of hedge funds firm to help pave the way for a government role. The firm, which managed $9.2 billion as of last January, aims to fetch $200 million to $250 million, people familiar with the business have said. Mr. Scaramucci joins several former executives from Goldman Sachs Group Inc. on Trump's team. Steven Mnuchin, who was a partner at the firm, was chosen as Treasury secretary and Goldman Sachs President Gary Cohn was named to the top White House economic post. Alumnus Stephen Bannon will be Trump's chief strategist. Mr. Scaramucci, who's known as "the Mooch," founded SkyBridge in 2005. He also started a high-profile annual conference for the hedge fund industry in Las Vegas. He graduated from Harvard Law School and landed a job in the real-estate investment-banking unit at Goldman Sachs in 1989.

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.