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Scaramucci’s SkyBridge has a big short on high-yield bonds

The hedge fund investment group founded by high-profile financier and short-lived Trump spokesman Anthony Scaramucci is hedging against a potential US recession

Anthony Scaramucci, SkyBridge Capital founder and former White House Communications Director
Anthony Scaramucci, SkyBridge Capital founder and former White House Communications Director Photo: Getty Images

SkyBridge Capital is betting against US corporate credit to protect against whatever recession might be coming.

The biggest risk to the market is China, “and how disruptive that can be” to emerging markets, SkyBridge partner and senior portfolio manager Troy Gayeski told the Greenwich Economic Forum on Friday. But to find the biggest danger spots elsewhere, he said, investors should look for the areas that have “built up the most leverage since the crisis,” he said.

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