Earlier today, Fox Business correspondent Charlie Gasparino reported that fund of funds manager Anthony Scaramucci "plans to ask his [SkyBridge Capital] investors if they want to remain in SAC." For those who are unaware, up until this point Scaramucci has not only kept money with SAC, but been one of the few people willing to go on the record to vigorously defend Steve Cohen, telling the press back in May, "I have enormous amount of respect for the guy, and I think he’s misunderstood" and something about bombs, trenches, and friends who run in the direction of bullets ("A lot of guys, when bombs are going off, you figure out very quickly who your friends are in the trenches. Most friends run from bullets, but your best friends run toward them"). While it's unclear if Scaramucci's clients will decide to part ways with SAC, the fact that he's reportedly even entertaining the very idea of giving them the option is nothing short of shocking. A punch in the stomach. A blow the ego. A shot through the heart. If Steve Cohen were on Twitter, it's not out of the realm of possibility that he'd be tweeting:
@Scaramucci shot through the heart
@Scaramucci and you're to blame
@Scaramucci you give fund-of-funds a bad name
Steve Cohen's not on Twitter, but Anthony Scaramucci is. And right about now, he appears to be saying, "My investors may or may not pull their money but you and I? We've got to hold on to what we've got. It doesn't make a difference if we make it or not. We've got each other and that's a lot."
Anthony Scaramucci [Twitter]