SCI Fund II, LLC

Scaramucci’s SkyBridge bought $10mn of FTX token in return for investment

...SkyBridge started out almost two decades ago as a fund of hedge funds business that gave wealthy clients access to some of the most well-known investment managers in the industry....

November 17, 2022

Artificial intelligence

Forecasting inflation with AI

...Of course, using things like machine learning to predict inflation is reasonably well-established (at least at top quant hedge funds)....

September 11, 2023

FT Live

Innovation in Wealth Management Summit

Augmented intelligence for client-centric services

Hedge funds

It’s Kenny G’s world

...Bridgewater offers different flavours of its strategy and we don’t know how much of its estimated $150bn of assets under management are in Pure Alpha, the more leveraged Pure Alpha II, its risk parity funds...

January 6, 2023

X Corp

Fact-checking some dull bits of Elon Musk’s biography

...Early chapters of Isaacson’s book sketch out a not-particularly-remarkable story of paternal cruelty, social awkwardness, self-diagnosed autism and an adolescent habit for sci-fi....

September 22, 2023

News in-depthApollo Global Management LLC

Running out of road: Apollo gears up for Carvana showdown

...Carvana was built out of DriveTime, an Arizona used-car business owned by Ernie Garcia II, and pitched itself as the digital disrupter of anachronistic used-vehicle dealerships....

January 6, 2023

SkyBridge Capital II LLC

FTX Ventures buys 30% stake in Scaramucci’s SkyBridge Capital

...FTX extended a bailout to crypto lender BlockFi in July after the company suffered losses on its exposure to bankrupt crypto hedge fund Three Arrows Capital....

September 9, 2022

FT Live

Evolving retirement strategies in an ever-changing world

What new regulatory developments mean for IFAs

Cryptocurrencies

Bankman-Fried made $45mn bet on SkyBridge with crypto strings attached

...The fund of funds manager was valued at roughly $200mn in 2017....

September 13, 2022

The Future of Money

Asset managers aren’t done with blockchain yet Premium

...His hedge fund, SkyBridge Capital, has “temporarily” halted clients’ ability to withdraw money from one of its funds, which has an 18 per cent exposure to crypto and has fallen 30 per cent this year....

July 25, 2022

Leon Black

The downfall of Wall Street billionaire Leon Black

...II. Her gaze had first met Black’s in 2008 at a Manhattan house party. Guzel Ganieva, who described the event in court filings, was invited by someone she knew from modelling....

November 22, 2023

FTX Trading Ltd

Sam Bankman-Fried is not very good at League of Legends

...These cartoony characters all have specific powers and draw their aesthetics from fantasy, sci-fi, pop culture and the fevered minds of Riot’s concept artists....

November 11, 2022

FT Alphaville

How to spend a million dollars, by Sam Bankman-Fried

...SH Fund, LP . . . Curated [chef recommends] . . . Race Capital II, LP . . . Lifelike Capital [ridiculously minimalist website award winner] . . . ....

December 19, 2022

News in-depthDonald Trump

The ‘prince’ and the populist: Brazilian monarchist backs Trump media venture

...If Trump succeeds, one of the biggest winners will be Patrick Orlando, a Florida-based financial executive whose little-known firm, ARC Global Investments II LLC, put up $25,000 to buy a stake in the blank...

October 22, 2021

SkyBridge Capital II LLC

SkyBridge has worst year since 2008 after structured credit hit

...The fund’s worst year was 2008, when it fell 19 per cent....

January 4, 2021

Tax evasion and avoidance

How Robert Smith played hardball with IRS over unpaid taxes

...In December 2014, Mr Smith donated all the income he had accumulated offshore, some $200m, to a charitable foundation he runs, the Fund II Foundation....

October 17, 2020

Due Diligence

The Hollywood-level drama plaguing the movie business Premium

...The latest advancements in chip technology — including a project called Triffid after the man-eating plants from British sci-fi history aimed at lowering the power consumption of sensors used by logistics...

October 8, 2020

FT Live

Bank of the Year Awards 2024

Recognising the best in banking globally

Property sector

Billionaire founder of hedge fund Citadel buys £95m London home

...The Grade II*-listed 1820s home sold for about £95m, according to people familiar with the purchase....

January 21, 2019

FT AlphavilleSujeet Indap

Harvard Burger School

...Alphaville was recently flipping through the Paycheck Protection Program (PPP) data dump from the US Treasury and came across loans for two entities called Delight Holdco I LLC and Delight Holdco II LLC....

July 13, 2020

News in-depthNews in-depth

The document trail that pointed to a secret pipeline scheme

...The audit found that: i) the unnamed businessman, rather than Mr Kulibayev, was the “ultimate beneficiary from the Kazakhstani side in relations with ETK”; ii) the GPO did not find any illegal involvement...

December 3, 2020

News in-depthNews in-depth

The secret scheme to skim millions off central Asia’s pipeline megaproject

...The audit found that: i) the unnamed businessman, rather than Mr Kulibayev, was the “ultimate beneficiary from the Kazakhstani side in relations with ETK”; ii) the GPO did not find any illegal involvement...

December 3, 2020

US financial regulation

US SEC increases scrutiny of proxy advisers

...In a letter to the regulator last week the Council of Institutional Investors, which represents big public and private retirement funds, warned the regulator that its guidance for proxy advisers “may make...

August 21, 2019

beyondbricsArgentina

A third way for Argentina: reprofiling

...Carlos Abadi is managing director of DecisionBoundaries, LLC, a New York-based international financial advisory firm....

November 5, 2019

FTfm

Proxy advisers wince in glare of regulatory spotlight

...The asset management industry’s meteoric growth, particularly the rise of passive funds, has broadened the shareholder register of many companies....

June 10, 2019

Due Diligence

WeWork marks the latest headache for Masayoshi Son’s vision Premium

...All of this puts serious doubts on Vision Fund II....

September 17, 2019

News in-depthCharts that Matter

European ETF trading increasingly automated as Mifid II takes hold

...Europe’s Mifid II rules are inexorably reshaping its fragmented market for exchange-traded products — and humans are being phased out....

January 22, 2019

beyondbricsLebanon

Time is running out for Lebanon’s unsustainable debt

...Carlos Abadi is managing director of DecisionBoundaries, LLC, a New York-based international financial advisory firm....

October 21, 2019

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