Sooner or later after Donald J. Trump was elected, irrepressible supporter and money man Anthony Scaramucci commented that he “would like to be involved [in a Trump administration] somehow tangentially, but I have my own business.Walking away from his beloved SkyBridge Capital, he added, would be “like asking me to leave my local bodega./p>
Apparently it’s not that difficult for “The Moochto say goodbye to his bodega buddies, however, because he’s reportedly weighing a sale of his asset-management firm. After experiencing the rush of helping Trump win—partly by fund-raising for the billionaire, and partly by reassuring his Wall Street peers that Trump’s seemingly crazy antics were all part of an elaborate plan to win over disaffected white voters—Scaramucci is now open “taking a government job,Bloomberg reports, and is considering offers from “private-equity firms, mid-to-large asset management companies, and sovereign wealth fundsto purchase his SkyBridge as a whole or simply his stake.
But walking away from the hedge fund business is one thing; giving up the SkyBridge Alternatives (SALT) conference, which takes place in Las Vegas every year and is Scaramucci’s baby, is sort of another. The event, which pulls in around 1,800 attendees and speakers which have included Bill Clinton, George W. Bush, Rex Ryan, Michael Milken, Daniel Loeb, Larry Summers, David Tepper, John Paulson, and Oliver Stone, serves as “a matchmaking servicewith “funds peddling their services to the world’s richest investors and the world’s richest investors seeking out the next superstar manager.More importantly, though, it allows Scaramucci—who recently declared “the cabal against bankersoverto assemble the very rich and very powerful into one contained space and schmooze them like they’ve never been shmoozed before, his signature talent and something from which he clearly derives great joy. (Said Dealbook in 2013: “In an industry known for reclusive traders and math geeks, the boyish Mr. Scaramucci . . . is Wall Street’s first hedge-fund impresario, a P.T. Barnum in a Ferragamo tie. In a gilded industry that has preferred to stay below the radar, Mr. Scaramucci embraces the white-hot center of it all. A relentless self-promoter, Mr. Scaramucci is ubiquitous, especially, to stock traders and market aficionados who stare all day at Bloomberg terminals. SALT is Scaramucci’s Super Bowl. The thought of him walking away seems truly inconceivable.
The one solace we take is in knowing that, should Scaramucci no longer serve as SALT master of ceremonies, he’ll still have the Hunt and Fish Club. The midtown steakhouse is, in it’s own way, like a smaller-scale SALT that takes place on a nightly basis, where the truffle oil flows like water, customers are “made to feel special and privileged, particularly in front of [their] guests, business associates, and clients,a shoeshine station will polish your wingtips whilst you eat, and The Mooch holds court. Even if he does become a lowly public servant, that doesn’t mean he has to eat like one.