Anthony Scaramucci’s SkyBridge Capital lost nearly 40% last year in what he calls ‘the worst year’ in his investment career. The hedge fund firm witnessed a sharp decline due to failed bets on cryptocurrencies and the collapse of embattled crypto firm FTX.
TheStreet’s J.D. Durkin sat down with Anthony Scaramucci, Former White House communications director at Collision in Toronto to discuss how SkyBridge Capital is positioned after a brutal year.
Full Video Transcript Below:
ANTHONY SCARAMUCCI: We got hurt. I mean, we got, we got really hammered in 2022. 2022, if the queen were still alive, she would have called it an annus horribilis. It was probably the worst year in my investment career. And so we got hammered. Our Bitcoin position got hammered because of the rate hikes plus the fraud and the different over leveraged situations that were going on in the bubble activity of 21.
We got hammered in the press. We got hammered because of the Sam Bankman-Fried situation. So yeah, overall the inflation environment has been terrible. The COVID slash inflation environment has been terrible for us. But here's the good news. If you stayed with us, we're having a phenomenal year. This year is probably the best year I've had since 2011, and I think we're set up to have a great ‘24 and great ‘25.
J.D. DURKIN: You still got crypto holdings?
ANTHONY SCARAMUCCI: I do, Yeah. I mean, we're up 80 plus percent in our Bitcoin position and it's really powering the portfolio.
