Trump Advisor Anthony Scaramucci Pockets $100MM From Sale Of SkyBridge To Chinese Conglomerate

It has been a good day for Trump advisor Anthony Scaramucci.
First, he was named by Bloomberg as this year’s surprise Davos star (recall that he is the only member of the Trump team participating unofficially at the Swiss boondoggle. ‘I brought a food taster,’ Scaramucci joked in an interview on Bloomberg Television when asked about his solo mission). As a reminder, Scaramucci was recently named an assistant to the president and further told Bloomberg Television Tuesday that he will serve as a liaison between the White House and the business community, and work with local, state and foreign governments and trade associations.
Which brings us to the second reason why Anthony is smiling.
Today, as part of his shedding of potential conflict of interest, Scaramucci sold a majority stake in his SkyBridge Capital fund of funds, which has had prominent cameos in such movies as Wall Street 2, to HNA Capital U. S., which is controlled by Chinese billionaire Chen Feng, and RON Transatlantic EG. While terms of the deal were not disclosed, the deal, which includes the SkyBridge Alternatives Conference, or SALT, is said to be valued at about $200 million according to Bloomberg, and could increase to about $230 million if certain conditions are met. SkyBridge’s senior management and investment teams will remain intact while Scaramucci will step down.

This post was published at Zero Hedge on Jan 17, 2017.

 

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