United States President-elect Donald Trump has chosen hedge fund manager Scott Bessent as his pick for Treasury secretary, The founder and CEO of investment firm Key Square Group. He played a major role as an economic adviser and fundraiser during Trump’s campaign. Bessent has long been seen as a top choice for the role, especially as it was reported Trump was leaning toward someone with Wall Street experience. Bessent is the founder of Key Square Management, a hedge fund that had less than $600 million in assets under management at the end of last year now down to $300 million. Key Square, lost money five of the past seven years ,
He worked for Democratic megadonor George Soros for years before that. Bessent donated about $3 million to Trump and other Republican causes this election season and previously said Trump was “very sophisticated on economic policy.” Bessent is known for being pro-tariff—tariffs are at the center of Trump’s economic policies—and called the import taxes a “negotiating tool with our trading partners” in a Fox News column last week. If confirmed, Bessent would make history as the first Senate-confirmed LGBTQ+ Republican Cabinet member.
NN a depression is guaranteed
Owners
- BESSENT, SCOTT, KENNETH HOMER – CHIEF EXECUTIVE OFFICER / CHIEF INVESTMENT OFFICER / LIMITED PARTNER
- KEY SQUARE GP LLC – GENERAL PARTNER
- RESTIVO, NICOLE, BRODSKY – CHIEF COMPLIANCE OFFICER, CHIEF OPERATING OFFICER
| Performance Last 4 Quarters: | -33.19% |
Key Square received a $2 billion anchor investment (bail out) from George Soros. At the end of 2017, Key Square’s assets were $5.1 billion. As of June 2024 the fund is down over $4.7 billion. Now worth $307 million (Form ADV from 2024-06-04). Key Square, lost money five of the past seven years
He is a LGBTQ Bessent is married to John Freeman, a former prosecutor, and they have two children. If confirmed, Bessent would be the first openly gay Treasury secretary. They live primarily in Charleston, S.C., and preserve historic mansions NN: Besent’s the fagot is cursed GOD, Want proof? Key Square is a perianal loser. And he has sold his soul to the devil Soros. Together they are plotting a collapse of the dollar and another great depresion. They did it to England and Japan. Trump has really screwed up BIG TIME. We could make a fortune in this,