Buyer of Scaramucci hedge fund faces more hurdles

At least two of HNA Group’s overseas deals have hit a hurdle as the Chinese conglomerate struggles to take money out of China, said sources, amid a widening crackdown by Beijing on debt-fuelled corporate acquisitions.

There has been increased scrutiny on HNA worldwide-— US officials are examining its proposed purchase of SkyBridge Capital, the hedge-fund firm founded by former White House communications director Anthony Scaramucci, who lost his job this week, while the ECB is considering a review of its stake in Deutsche Bank, sources said.

Those transactions are among more than $40bn (€34bn) of deals that HNA has announced since the beginning of 2016.