Hedge fund to expand in London despite Brexit

London

Anthony Scaramucci’s Skybridge Capital is expanding to the UK even as the fund-of-hedge-funds firm faces headwinds in the US.

The New York Post reports that Skybridge, which is based in New York, said Friday it has opened an office in London to serve as its European and Middle Eastern headquarters.

The expansion comes even though Skybridge’s Series G fund — one of its core funds — is down 4.4% year to date, according to the firm’s Web site.

The firm, which counts $12.6bn in assets under management and advisement, also has offices in Palm Beach, Fla., and Seoul, South Korea.

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Skybridge Capital launches London expansion despite Brexit

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