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

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

401(k) participants seek advice, but few turn to financial advisors
401(k) participants seek advice, but few turn to financial advisors

Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.

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.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave