LEAKED MEMO: Anthony Scaramucci mourns his relationship with $2.2 trillion Merrill Lynch after it downgraded SkyBridge's main fund
Spokespeople for EJF and Hildene declined to comment, and SkyBridge did not respond to requests for comment. Because EJF and Hildene funds had gated their funds, SkyBridge had to find other investors who wanted to buy up SkyBridge's investments in the fund through secondaries transactions. The deals can be complicated because a seller has to line up one or multiple buyers.
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