Mr. Scaramucci grew up on Long Island, in Port Washington, N.Y., where one of his first jobs was delivering Newsday. SkyBridge bought Citigroup’s hedge fund unit and then reinvented itself, opening up to investors with as little as $25,000. He expressed alarm, however, about how, as a candidate, Mr. Trump spoke about hedge fund managers, calling him “misinformed” on Twitter. Mr. Scaramucci changed his mind by the time Mr. Trump’s head campaign fund-raiser, Steven Mnuchin, a former Goldman Sachs executive and hedge fund veteran, appeared at Mr. Scaramucci’s Las Vegas conference last year. Mr. Trump, Mr. Scaramucci said, was “saying cuckoo-la-la things to insult the intelligentsia because what he’s discovered is that the average American, the red-meat-eating Middle American, loves the swipes at the know-it-alls, and I think Donald Trump is enjoying doing that.”

Source: New York Times July 21, 2017 21:33 UTC