Anthony Scaramucci, the founder of SkyBridge Capital who is one of the most visible hedge-fund managers on Wall Street, is likely to take a job advising Donald Trump as president.
Scaramucci’s role “will likely focus on selling Mr. Trump’s agenda through the media and public events, and as a kind of liaison to the business community,” The Wall Street Journal reports. “He also could have a voice on policies that affect Wall Street.”
Scaramucci has been a fixture on cable business news and as the host of “Wall Street Week,” the financial show that once starred Louis Rukeyser. He has authored three books and also had a cameo appearance in director Oliver Stone’s film sequel “Wall Street: Money Never Sleeps.”
“Being in the arena, at the center of power, is something Anthony has always desired,” Andrew Boszhardt, who started a money-management firm with Scaramucci in 1996, told the WSJ. “I think Washington is in many ways a more natural fit” than Wall Street, he said.
Scaramucci supported Barack Obama in the 2008 campaign and later became a vocal critic of the president’s reaction to the financial crisis. He complained that Obama was “whacking the Wall Street piñata” in a public forum hosted by the president.
The move to Washington likely will mean that Scaramucci will sell SkyBridge, an asset manager that invests in hedge funds. He also may part with his annual Skybridge Alternatives, or SALT, conference that has featured former presidents Bill Clinton and George W. Bush as speakers, according to its website.
Scaramucci got his start on Wall Street at Goldman Sachs Group Inc., where he was fired and re-hired. He left the New York investment bank to start a money-management firm that was later sold to Neuberger Berman, which ill-fated Lehman Brothers Holdings Inc. bought in 2003 for $2.6 billion.
“He was not the best analyst or associate,” Michael Fascitelli, Scaramucci’s former boss at Goldman, told the WSJ. “As he got more into what his skill set is — dealing with people, selling and trusting his instincts — he was really terrific.”
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