Eric Daugherty
@EricLDaugh
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BREAKING: President-elect Trump will nominate Scott Bessent for Treasury Secretary - Epoch Times
https://x.com/EricLDaugh/status/1856165944449511866
Bessent is one of the most Brilliant Economists, and Historian of the Economy for all of history. He is in the top tier of Historically knowing the economy in the last 500+. He is a brilliant and humble.He is on Bannons War Room regularly
==Scott Bessent=
Scott Bessent (born 1962) is an American investor, board member, and educator.[1] He is the founder of Key Square Group, a global macro investment firm.[2][3]
Scott Bessent. Born 1962 (age 61–62)
Conway, South Carolina, U.S.
Education Yale University (BA)
Political party Republican
In November 2024, after Donald Trump won the US presidential election, Reuters reported that Bessent was being considered for the position of Treasury Secretary by the incoming Trump administration.
Early life and education
Bessent was born in Conway, South Carolina. He attended Yale College, graduating in 1984. While at Yale, Bessent wrote for The Yale Daily News, was president of Wolf's Head Society and treasurer for the class of 1984.
Career: Investing
Bessent interned with Jim Rogers.After graduation, Bessent worked at Brown Brothers Harriman, Kynikos Associates (Jim Chanos), and others.
Bessent joined Soros Fund Management (SFM) in 1991 and was a partner there throughout the 1990s, eventually becoming the head of the London office.
In 1992, Bessent was a leading member of the team whose bet regarding the collapse of the British pound garnered over $1 billion for the firm. His bet against the Japanese yen in 2013 brought additional profit.
After resigning from SFM in 2000, Bessent founded a $1 billion hedge fund. The fund closed in 2005. Bessent has said he learned that he shouldn’t change his style or the construct of the firm because of investor preferences. He was also a senior investment advisor at fund-of-funds Protégé Partners.
In 2011, Bessent returned to SFM as Chief Investment Officer. Bessent served as SFM's CIO until 2015, when he left to begin a new firm, Key Square Group.
Key Square Group
Bessent founded Key Square Group in 2015 with Michael Germino, who had been the global head of capital markets at SFM. Key Square uses geopolitics and economics to make macro investments.Key Square received a $2 billion anchor investment from George Soros.
At the end of 2017, Key Square's assets were $5.1 billion. Bloomberg in May 2018 reported that Key Square had mostly outperformed rival macro managers and continued to generate significant investor interest.As part of a pre-arranged deal, the firm returned the Soros capital as it took in other assets. Its investors include Australia's sovereign wealth fund.
Academic teaching
From 2006 to 2011, Bessent was an adjunct professor of economic history at Yale, where he taught three courses.
https://en.m.wikipedia.org/wiki/Scott_Bessent