Anthony Scaramucci, who spent 10 days as communications director in Donald Trump’s White House, said the flagship Las Vegas event that made him a celebrity in the hedge fund world won’t happen as usual this year.
The founder of SkyBridge Capital, a fund of hedge funds firm, intends to take a group on a five-day trip to China, he said in an interview Wednesday on Bloomberg TV in Davos, Switzerland. He said he will call the trip the SALT Platinum Partners Experience and that it will take place instead of his annual bash, the SkyBridge Alternatives Conference, at the Bellagio hotel in Vegas.
Scaramucci struck a deal last year to sell his stake in SkyBridge to a group including an American subsidiary of Chinese conglomerate HNA Group Co. The deal has been delayed by the Committee on Foreign Investment in the United States.
The decision not to hold the annual conference in its usual form “has to do with the logistics of the closing of the deal” to sell a majority stake in SkyBridge, he told Erik Schatzker of BTV.