SkyBridge Fund Posts Second Quarterly Loss on Crypto Exposure

Anthony Scaramucci's SkyBridge Capital reported a second consecutive quarterly loss in its flagship fund during the first quarter of 2026, driven primarily by the firm's substantial exposure to cryptocurrencies and digital assets. The $1.3 billion SkyBridge Opportunity Fund, which maintains approximately 64% of its holdings in cryptocurrency and digital assets, declined 12.9% during Q1 2026. Although the fund recovered with a 0.45% gain in March, this rebound was insufficient to offset earlier quarterly losses.

Fund Performance Metrics

The SkyBridge Opportunity Fund's Q1 2026 decline of 12.9% represents the second consecutive quarterly loss for the flagship vehicle. The fund's cryptocurrency and digital assets allocation of 64% positions it as a concentrated bet on the digital assets sector. March's positive performance of 0.45% provided partial recovery from the quarter's broader downturn but did not reverse the quarterly loss trajectory.