LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Scaramucci hits pause button on Las Vegas hedge fund party

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Thu, Jan 25, 2018
12:50 am
Reuters
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

Anthony Scaramucci`s annual schmooze fest for Wall Street on the Las Vegas strip is on hold.

"Temporary pause," Scaramucci told Reuters in an email on Wednesday about his SkyBridge Alternatives Conference, a swaggering financial industry event known as SALT that has taken place every year since 2009. But he added that it "will be back."

A question mark has hung over the conference`s future since Scaramucci`s brief stint as U.S. President Donald Trump`s communications director last year and his efforts to sell his investment business, which specializes in bringing a taste of hedge funds to less affluent investors.

The news was first reported by Bloomberg, which interviewed Scaramucci at the World Economic Forum in Davos, Switzerland. He told Bloomberg that there would be no Las Vegas conference this year and that he was instead organising a trip to China for certain partners.

The reason for the pause in Vegas is related to the "logistics" of a pending deal to sell SkyBridge Capital to Chinese conglomerate HNA Group, Scaramucci told Bloomberg. The U.S. government has been reviewing the proposed sale for a year.

SALT has been one of the $3 trillion hedge fund industry`s glitziest conferences. The event is popular with investors, managers and marketers who have flocked to the city to soak up sun and wine after listening to top investors present their ideas and debate markets.

Scaramucci packed the Bellagio hotel`s ballrooms each year by giving some 1,800 attendees access to former U.S. Presidents including Bill Clinton and George Bush, central bankers such as Ben Bernanke and hedge fund superstars Daniel Loeb, Ken Griffin and David Tepper. At night there were pool parties and private concerts.

Scaramucci has often said SALT saved his ailing hedge fund investment management business when he launched it with SkyBridge head of business development Victor Oviedo.

With a knack for showmanship the 54-year-old former Goldman Sachs banker created the get-together during the financial crisis when big banks were cancelling their outings but people still longed to get away to mingle and do a little gambling.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

Mann Ki Baat Latest Episode: What all PM Narendra Modi said in his popular radio programme today - Know here

Salaar Movie Prabhas: Release Date, Cast, Poster, Heroine - Confirmed! Another blockbuster from KGF makers?

Historic moment! New era of space reforms in India! PM Narendra Modi hails 1st dedicated commercial launch of PSLV-C51/Amazonia-1 Mission

IndiGo's select flights from Mumbai Airport from March 10

New Inbase smartwatch Urban LYF is here - Check features, offers, promo code and more

Sovereign Gold Bonds 2020-21 scheme: Check opening, closing dates and rates

Homebuyers alert! Avoid real estate troubles by knowing these top 5 things before buying flat in 2021

Websites of traditional media houses to come under the ambit of section 69(A) of IT Act: Report

REVEALED! This is the most preferred financial product to protect family post-COVID 19 pandemic

Big insurance offers! 80-100 per cent discounts - All you need to know about renewal of health policies

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved