SELECT LANGUAGE BELOW

Trump to name hedge fund manager Scott Bessent to head Treasury Department

President-elect Donald Trump reportedly plans to nominate hedge fund manager Scott Bessent to head the Treasury Department. numerous sauce. Bessent, 62, founded the macro fund Key Square Group in 2015 and is openly gay. “I was totally rooting for President Trump. I was one of the few people on Wall Street who supported him.” President […]

Citadel founder Ken Griffin says he’s open to selling stake in hedge fund

Citadel founder Ken Griffin said Thursday that he is open to selling a small stake in the hedge fund at some point in the future. At an event hosted by the New York Economic Club, Griffin said a deal that would sell a minority stake in his market maker Citadel Securities to Sequoia and Paradigm […]

Hedge funds bet on Tesla, banks and other ‘Trump trades’ in Q3

Hedge funds piled up bets on financial stocks, Tesla stocks and prison operators in the third quarter ahead of rallies tied to Donald Trump's victory in the U.S. presidential election, according to filings. Many of the bets came to be known as the Trump trade, a corner of the market that sometimes hinged on the […]

How Scott Bessent Fought The Left While Working in George Soros’s Hedge Fund

Scott Bessent may be a new name to many Republicans, but he's also pushing back against a far-left political agenda from inside George Soros' hedge fund, which some conservatives would consider the belly of the beast. We have a track record of doing so. Bessent is currently one of President Donald Trump's top candidates for […]

Hedge funds shorting Tesla lost more than $5B after Trump win: report

Hedge funds that bet on Elon Musk's Tesla lost billions of dollars after Donald Trump won the White House last week, according to a report. Investment firms that held short positions in the electric car maker's stock between Election Day and Friday's close took a theoretical hit of at least $5.2 billion. According to Bloomberg […]

Hedge fund mogul Larry Robbins seeks overhaul at struggling CVS: report

According to reports, hedge fund tycoon Larry Robbins met with executives of struggling drugstore chain CVS on Monday to discuss a revitalization plan that the Glenview Capital founder hopes will improve the company's operations. He plans to present it. Mr. Robbins, 55, made his name in 2012 by betting on health care companies he thought […]