Scaramucci’s Firm Pauses Investor Redemptions for Fund With Bitcoin, Ethereum Exposure
One of the funds operating under the umbrella of Anthony Scaramucci’s Skybridge Capital has reportedly suspended redemptions to investors.
Legion Strategies, a hedge fund affiliated with Anthony Scaramucci's Skybridge Capital, has halted investor redemptions, according to a Bloomberg report citing people familiar with the decision.
The move reportedly comes after steep declines in stocks and cryptocurrencies witnessed over the past months, with one source telling Bloomberg that the decision to suspend redemptions was made because stocks in private companies—which are traditionally harder to sell—now make up about 20% of the fund's portfolio.
One of the funds operating under the umbrella of Anthony Scaramucci’s Skybridge Capital has reportedly suspended redemptions to investors.
Legion Strategies, a hedge fund affiliated with Anthony Scaramucci's Skybridge Capital, has halted investor redemptions, according to a Bloomberg report citing people familiar with the decision.
The move reportedly comes after steep declines in stocks and cryptocurrencies witnessed over the past months, with one source telling Bloomberg that the decision to suspend redemptions was made because stocks in private companies—which are traditionally harder to sell—now make up about 20% of the fund's portfolio.