Scaramucci's Hedge Fund Woes Linked to Brett Messing and FTX Ties.
Brett Messing, the brother of actress Debra Messing, is being blamed for mismanaging investments at Anthony Scaramucci's hedge fund, SkyBridge Capital, including a disastrous investment in cryptocurrency that cost the fund tens of millions of dollars. Messing, who paid $8 million to become a partner at SkyBridge in 2017, oversaw a failed real estate fund and was responsible for selling off some of the fund's biggest positions at a loss in 2020. Despite these missteps, Messing rose to become president and COO of the firm. SkyBridge's investment in Bitcoin initially paid off, but the value of the fund dropped more than 25% as digital assets plummeted, leading to the company's inability to meet all of its clients' redemption requests in March 2020.