“This is a conference about the future,” said Anthony Scaramucci when we spoke on the phone last week about his upcoming SALT Conference in Las Vegas from May 7 – 10. “Today the world is in a different place than it was ten years ago, so we’ve adapted SALT accordingly.”
SALT (Skybridge Alternative Conference) was launched in 2009 as a classic hedge fund conference when the stock market was at an all-time low and initial attendance was only 400 people. That number quickly grew to 2,000 with an impressive cross section of attendees and speakers that focused on bipartisanship, so it wasn’t unusual to see Valarie Jarrett on the same panel as Jeb Bush. Business leaders Sam Zell and Mark Mobius are SALT regulars and I’ve always found them informative, remarkably accessible, and extremely entertaining.
This year Scaramucci has booked former White House Chief of Staff John Kelly, the man who fired him from his position as White House Communications Director, and they will share the stage together in what should prove to be an interesting interview.
“We’re confronted with so many polarizing situations today, but SALT has always presented bipartisan discussions and will continue to do so this year,” said Scaramucci. “It’s going to be a great event because we are branching out into private equity and venture and we’ve got an impressive list of speakers — Tim Draper, Ben Horowitz and Mark Cuban to name a few.”
“Today the hedge fund market is not doing well — that’s just a fact,” Scaramucci added. “But we’ve still managed an attendance of 1,500 because we’ve adjusted to what I’m calling an intellectual product conference where we’re focusing on AI. Another one of our featured speakers is Kia Fu Lee, who wrote the book AI Superpowers.”
The focus of the conference is on the future and where the world will be regarding technological advancements five to ten years from now. Cutting edge products like wearable devices used in daily life are going to attract investors, and Scaramucci wants to spotlight as many as possible.
To further diversify his business, Scaramucci has launched an Opportunity Zone (OZ) fund for real estate investment which he has described as a “game changing product for Skybridge.” The fund will require a minimum commitment of six years, and money will be invested into a wide-range of properties and projects. These funds feature tax deferrals and benefits for investors who place their money in specific low-income neighborhoods, where tax benefits grow exponentially the longer the investments remain in the zones.
Scaramucci’s political life was short, but his investment strategy is long and technology oriented. As a proponent of real estate and tech investments, I believe he’s adapted SALT perfectly.
See you in Vegas, Mooch.
Rob Taub works as a broker at CORE in NYC, where he hosts a weekly podcast. He has enjoyed an eclectic career in film, television, radio, and journalism. Rob has interviewed everyone from pop stars to presidents and has written for People Magazine, FoxNews.com, SI/Cauldron, The Huffington Post, and Thrive Global. Rob is a respected Diabetes Advocate and Obesity Ambassador, writing and speaking regularly about Type 2 diabetes and health. Follow him on Twitter @robmtaub or at www.RobTaub.com. To read more of his reports — Click Here Now.
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