President Trump isn’t quite president yet, but his new right-hand-man is getting a bit of a head start. After all, who better to weigh in on the future of the Federal Reserve and the NATO alliance than a fund of hedge funds manager, event-planner, restaurateur and professional campaign fundraising committee-joiner? And where better to elucidate the populist principles of the incoming administration than the slopes of Davos?
"NATO is working but there are things about it that need to change and there are parts of it that are, in the words of Trump, 'obsolete'", Anthony Scaramucci, a hedge fund manager who is joining Trump's White House staff as an adviser, told an audience at the World Economic Forum (WEF)….
"We have to think about changing the (NATO) treaty to front face the 21st and 22nd centuries," Scaramucci said, adding the focus should now be on finding common cause with Russia.
Scaramucci dropped the news in the middle of a session on Trump's economic agenda. He was chronicling his rise through the financial ranks and, referring to his current firm, said, "I've actually just sold today."
Congrats to the Mooch… er… hold on…. There seems to be a clarification. Just like President Trump meant that only parts of NATO are obsolete when he said “NATO is obsolete,” what the new White House director of the office of public liaison meant when he said “I actually just sold it today” was, “I am really quite close to selling it today.”
Scaramucci, 53, clarified a comment he made earlier Tuesday during a presentation at the World Economic Forum in Davos, Switzerland that the firm had been sold today.
“I need a couple of more hours,” Scaramucci said to reporters who asked him about the sale after his talk. He didn’t disclose the prospective buyer or the price.
The firm's investment management team, lead by Ray Nolte, will stay intact and the firm's well-known annual hedge fund conference, SALT, will be spun out as a standalone entity, the company said.
Trump adviser Scaramucci sells his hedge fund business [CNBC]
Scaramucci Clarifies That His SkyBridge Is ‘Almost’ Sold [Bloomberg]
Scaramucci’s SkyBridge sells itself, investment team to stay put [Reuters]
Scaramucci: Trump Administration Wants an Independent Fed [WSJ]
Trump adviser Scaramucci says parts, not all, of NATO are obsolete [Reuters]