Reported 1 day ago
Scott Bessent, nominated by President-elect Donald Trump to head the US Treasury Department, announced he will resign from Key Square Group and divest his hedge fund stake if confirmed by the Senate to avoid conflicts of interest. Following his confirmation, he will sell his partnership interest within 90 days and faces additional complexities regarding his other investments. Bessent's extensive financial disclosures include significant assets tied to his hedge fund as well as personal investments, including those related to cryptocurrency.
Source: YAHOO