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

Goldman gets shareholder backing on $80M executive bonus packages
Goldman gets shareholder backing on $80M executive bonus packages

The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.

Integrated Partners, Kestra welcome multigenerational advisor teams
Integrated Partners, Kestra welcome multigenerational advisor teams

Integrated Partners is adding a husband-wife tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.

Trump not planning to fire Powell, market tension eases
Trump not planning to fire Powell, market tension eases

Futures indicate stocks will build on Tuesday's rally.

From stocks and economy to their own finances, consumers are getting gloomier
From stocks and economy to their own finances, consumers are getting gloomier

Cost of living still tops concerns about negative impacts on personal finances

Women share investing strengths, asset preferences in new study
Women share investing strengths, asset preferences in new study

Financial advisors remain vital allies even as DIY investing grows

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.