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SkyBridge Multi-Adviser Hedge Fund Boosted Crypto Exposure by 150% in Third Quarter
Summary: Investments in digital funds and securities in the SkyBridge Multi-Adviser Hedge Fund Portfolios totaled $485 million at the end of September, up from $195 million on June 30, according a regulatory filing this week. SkyBridge increased its exposure to crypto-related assets by almost 150% during the third quarter. The fund’s net assets fell about 10% ...
Investments in digital funds and securities in the SkyBridge Multi-Adviser Hedge Fund Portfolios totaled $485 million at the end of September, up from $195 million on June 30, according a regulatory filing this week. SkyBridge increased its exposure to crypto-related assets by almost 150% during the third quarter. The fund’s net assets fell about 10% in the period to $2.4 billion.
SkyBridge Capital’s exposure to digital currencies has increased in tandem with Scaramucci’s bullishness on crypto. He told CNBC on Nov. 12 that Bitcoin could eventually reach $500,000.
By Amy Liu
Tags: Crypto,hedge fund,SkyBridge
Link: SkyBridge Multi-Adviser Hedge Fund Boosted Crypto Exposure by 150% in Third Quarter [Copy]
