Business

Anthony Scaramucci is rejoining hedge fund after sale collapses, source says

Posted April 30, 2018 4:11 p.m. EDT

— Anthony Scaramucci is returning to Wall Street after a deal to sell his hedge fund business collapsed, a person familiar with the matter told CNNMoney.

Scaramucci, who famously lasted just 10 days in the Trump administration last year as White House communications director, is coming back to SkyBridge Capital as co-managing partner, the person said.

The move comes after SkyBridge failed to get federal regulators to sign off on its sale to Chinese conglomerate HNA Group.

Scaramucci had resigned from SkyBridge in January 2017 when the HNA deal was first announced.

SkyBridge and HNA have mutually decided to terminate their agreement, a person familiar with the matter said. "It's time to move on," the person said.

Neither HNA nor SkyBridge would comment on news of the deal collapsing. Scaramucci did not immediately respond to a request for comment.