Heavy Crypto Exposure Drags Down Performance, SkyBridge Flagship Fund Records Losses for Two Consecutive Quarters
2026-05-22 09:26
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BlockBeats News, May 22nd, according to Bloomberg, due to a significant amount of holdings in cryptocurrency-related assets, Anthony Scaramucci's flagship fund, the SkyBridge Opportunity Fund, has experienced losses for two consecutive quarters.

The fund has an AUM of approximately $1.3 billion, with a heavy exposure of 64% to cryptocurrency and digital assets, including digital asset hedge funds, Bitcoin investment tools, and private companies in the crypto space.

Data shows that the SkyBridge Opportunity Fund declined by 12.9% in the first quarter of 2026, following an 18% drop in the fourth quarter of 2025. The fund's top three holdings are: Brevan Howard Digital Asset Multi-Strategy Fund (17.5%), Galaxy Institutional Bitcoin Fund (9.58%), and the Canadian Purpose Bitcoin ETF (8.79%).

Furthermore, in its most recent public tender offer, the fund only accepted a small portion of investors' redemption requests. Investors requested the redemption of 792,633.965 shares, and the fund ultimately repurchased 64,378.34 shares in proportion, accounting for only 8.1% of the total redemption requested.

Source: BlockBeats

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