Trump Names Hedge Fund Veteran Scott Bessent as Treasury Secretary

Bessent, a former Soros Fund manager and advocate of Trump’s economic policies, would be the first openly gay Treasury secretary.

Scott Bessent, a Wall Street executive and founder of Key Square Capital, has been selected by President-elect Donald Trump as his Treasury secretary pick.
Bessent is known for his role in major financial trades, including helping George Soros short the British pound in 1992 and leading profitable bets during market downturns.
His selection has drawn praise from both conservative and business leaders for his financial acumen, though some have raised concerns about his past ties to Soros.
Bessent supports policies aligning trade with national security and has advocated for tariffs to boost American manufacturing while maintaining global economic engagement.
If confirmed, Bessent would make history as the first openly gay person to serve as U.S. Treasury secretary.