Reported 1 day ago
Scott Bessent, the founder of Key Square Capital Management, has turned around his hedge fund's inconsistent performance, largely thanks to his optimistic stance on Donald Trump's potential presidency. Despite a significant decline in assets over the years, Bessent's early bets on U.S. stocks and the dollar rallying post-Trump's election have yielded considerable profits. His close ties to Trump, including being a donor and economic advisor, have positioned him as a strong candidate for the Treasury Secretary role, further boosting his visibility in the investment community.
Source: YAHOO