Zhitong Finance is informed that the flagship investment tool of Anthony Scaramucci, founder of US hedge fund SkyBridge Capital, increased its exposure to related crypto assets by nearly 150% in the third quarter.

According to documents submitted to regulators this week, as of the end of September, SkyBridge Multi-Advisor Hedge Fund Portfolios’ total investment in digital funds and securities was US$485 million, up from US$195 million in the previous quarter. This increase reflects new investment and market value growth. Driven by the redemption, the fund’s net assets fell by about 10% to $2.4 billion.

Although SkyBridge continues to allocate funds to funds operated by other asset management companies, SkyBridge’s exposure to digital currencies has increased with Scaramucci’s bullishness in cryptocurrencies. He told the media on November 12 that the price of Bitcoin may eventually reach $500,000.

SkyBridge Multi-Adviser added five new crypto investments in the third quarter, including a $22.6 million convertible note issued by the New York Digital Investment Group and a $35.4 million private equity investment vehicle-Genesis Digital Equity in Assets Ltd. According to documents submitted on Monday, SkyBridge also invested approximately $13 million in Coinbase (COIN.US) stock.

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