Scaramucci Said To Accept Post As Top White House Advisor

Jan 13 2017 | 12:55am ET

Skybridge Capital founder Anthony Scaramucci has been named an assistant to President-elect Donald Trump, ending months of speculation about what role the hedge fund executive would play in the new administration. 

Scaramucci's role will be as a general advisor in the White House, according to a Bloomberg report citing unidentified individuals familiar with the matter. Initially a backer of Scott Walker’s candidacy, Scaramucci then supported Jeb Bush before becoming a vocal supporter (and fundraiser) of Trump’s bid for the presidency.

The support garnered Scaramucci a role on Trump’s transition team following the election, and he put Skybridge up for sale in December reportedly in preparation for an upcoming role in the administration. He was repeatedly mentioned in media reports as a candidate for a Cabinet or agency post, although specifics about what his role might entail have been difficult to obtain. 

His position is expected to be formally announced later this week, Bloomberg noted, and is expected to include work as a liaison between the administration and the financial, technology, political and non-profit/NGO worlds. 

Scaramucci founded Skybridge, which specializes in funds of hedge funds products, custom separate account portfolios, hedge fund advisory services and has a long-only mutual fund, in 2005 after a stint at Goldman Sachs. 

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