Scaramucci's SkyBridge sells itself, investment team to stay put

Reuters News
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Posted: Jan 17, 2017 11:00 AM

BOSTON (Reuters) - Anthony Scaramucci's hedge fund investment firm SkyBridge Capital said on Tuesday that it will sell a majority of itself to RON Transatlantic EG and HNA Capital, allowing its founder to take a position in the Trump administration.

The firm's investment management team, lead by Ray Nolte, will stay intact and the firm's well-known annual hedge fund conference, SALT, will be spun out as a standalone entity, the company said.

(Reporting by Svea Herbst-Bayliss; Editing by Chizu Nomiyama)