SkyBridge Capital's Anthony Scaramucci Favors Energy Investments
|July 6th, 2011||
|Hedge fund pros are suggesting that energy-related trades may be where the next round of trading fortunes might be. CNBC commentator and hedge fund manager, Anthony Scaramucci, expects to see energy-related commodities spike higher if the economy shows real signs of a turnaround.|
Scaramucci manages more than $7 billion at alternative-assets hedge fund of fund manager SkyBridge Capital LLC. Scaramucci noted that hedge funds rotated out of commodities due to sharp price drops in May and June amid global economic uncertainty. However, he expects hedge funds to fuel a rally in energy stocks should the economy turn.
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