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anthony-scaramucci-says-‘no-fear-of-liquidation’-as-skybridge-capital-suspends-withdrawals-in-fund-with-crypto-exposure

Anthony Scaramucci says ‘no fear of liquidation’ as Skybridge Capital suspends withdrawals in fund with crypto exposure

By BizTech Weekly Jul 19, 2022

About 18% of SkyBridge’s Legion Strategies fund, which manages about $250 million, is in crypto-related investments. Scaramucci says there is “no fear of any liquidation” as the fund is unlevered. The firm has suspended withdrawals in one of its funds, but there is no fear of liquidation, he says. The fund is managed by SkyBridge Capital, which has about $1 billion in assets, and manages $25 million in the form of assets. The company is also investing in companies such as FTX and bitcoin exchange companies such a company such as Bitcoin and FTX. The firm says it has no plans to liquidate its Legion Strategies Fund, which managed about $3 billion in . . .

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