Anthony Scaramucci is Losing Big Money for his Clients, Has ‘Temporarily’ Banned Them From Withdrawing Anything From Disastrous Fund

Trump turncoat Anthony Scaramucci appears to be in some trouble with his fund, Skybridge Capital, as he recently made the rounds of the media to try to reassure investors about its financial situation.

The Legion Strategies fund also recently announced the decision to “temporarily” suspend withdrawals from its investors. 

According to a source close to the matter, the suspension is driven largely by a liquidity mismatch resulting from late-stage private investments in the fund.

In an interview with CNBC, Scaramucci promised that “As things start to get better, we’ll release that suspension.”

“The last point I’d like to make is that of course everybody signed into an investor agreement. This type of flexibility,” Scaramucci declared.

Scaramucci added, “So I don’t think there’s any surprises here given what’s going on in the overall market.”

In a different CNBC interview that took place on Thursday, Scaramucci explained, “We’re allowing people to take the exit.”

“I’m confident Skybridge’s best days are still ahead,” Scaramucci insisted.

Scaramucci pointed out that Morgan Stanley had listed the fund as a sell, but noted, “My sales team is out there raising money. People do like bottoms as well. We are raising money.”

“‘People sell bottoms at times…and time will tell whether that’s the right thing to do,’ says @Scaramucci on the news of Skybridge suspending redemptions for its Legion Strategies fund. ‘Skybridge is having a difficult time. I would be remiss in saying otherwise.'”

"People sell bottoms at times…and time will tell whether that's the right thing to do," says @Scaramucci on the news of Skybridge suspending redemptions for its Legion Strategies fund. "Skybridge is having a difficult time. I would be remiss in saying otherwise." pic.twitter.com/OGG7nEZkj7

— CNBCOvertime (@CNBCOvertime) July 21, 2022