SkyBridge's Scaramucci Plans New York Restaurant

Jun 11 2013 | 9:54am ET

SkyBridge Capital founder Anthony Scaramucci isn't satisfied with midtown Manhattan's dining and drinking options. So he's opening a restaurant of his own.

Scaramucci, Gotham Asset Management's David Barrett and New York restauranteur Eytan Sugarman have teamed up to create The Hunt and Fish Club. The trio are seeking $4 million for the eatery, which would open in December on West 44th Street between Broadway and Sixth Avenue, Bloomberg News reports.

According to a marketing document sent to prospective investors, The Hunt and Fish Club will feel like an elite "clubhouse," with "great food and a great social environment." It will cater to "high to extremely-high disposable income" young professionals, with interiors designed by artist Roy Nachum.

"Isn’t it nice to walk through the doors of a restaurant to be greeted with, 'Mr. Scaramucci, so nice to see you again? Your table is ready for you…. Mr. Scaramucci is one of our partners," Scaramucci, Barrett and Sugarman wrote. "In short, all of us want to be made to feel special and privileged, particularly in front of our guests, business associates and clients."

"Dave Barrett and I have said for years that we wanted to have a place where we could gather people from our community," Scaramucci, who is also behind one of the hedge fund industry's premier events, the SkyBridge Alternatives Conference, or SALT, wrote.

In addition to Scaramucci, Barrett and Sugarman, The Hunt and Fish Club also includes restauranteur Christian Pascal, lawyer Nelson Braff and SkyBridge chief investment officer Ray Nolte as co-owners. And it's seeking more, with the three partners meeting potential investors today, June 18, June 27 and July 8. The minimum investment is $50,000, and the partners want the money by July 15.

Investors will split 30% of the restaurant's equity and will get 80% of distributions until they have recouped their initial investment, expected to be within two to three years. Thereafter, distributions will be made on a pro-rated basis.

And even though The Hunt and Fish Club is still months from becoming reality, the partners didn't hesitate to take shots at the would-be competition. The marketing document complains that the restaurants and bars around New York's Grand Central Terminal are "not fun" and have unattractive staffers.


In Depth

Hedge Fund Veteran Peter Borish Talks Trading

Dec 17 2014 | 9:32am ET

Peter Borish says 2014 was “tricky” from a trading perspective. “The best...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.