“Scott Bessent, the billionaire hedge fund manager whom President-elect Donald Trump picked to be his Treasury secretary, plans to divest from dozens of funds, trusts and investments in preparation to become the nation’s top economic policymaker,” the New York Times reports.

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Reuters

United Kingdom

Trump Treasury pick Bessent to divest assets to avoid conflicts

Scott Bessent, the investor selected by President-elect Donald Trump to be his Treasury secretary, will divest from his Key Square Group hedge fund and other investments, according to a letter to the Treasury Department's ethics office.

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President-elect Trump’s Treasury Secretary pick Scott Bessent has plans to divest from funds and other investments as he prepares to take over as the country’s top economic official. In an agreement released Saturday by the Office of Government Ethics ahead of Bessent’s confirmation hearing on Thursday, he outlined his plans. Bessent, a billionaire hedge fund…

The Hill

Nexstar Media Group

Washington

District of Columbia

United States

Bessent to divest from assets on road to leading Treasury

Scott Bessent, President-elect Donald Trump’s pick to run the US Treasury Department, will resign from Key Square Group and sell his share of the partnership to avoid conflicts of interest if confirmed by the Senate.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

Bessent to Sell Hedge Fund Stake If Confirmed to Lead Treasury

Scott Bessent: Navigating Ethical Waters in Treasury Appointment Scott Bessent, the investor selected by President-elect Donald Trump as a potential Treasury Secretary, has announced plans to divest from his Key Square Group hedge fund and other investments.In a letter to the Treasury Department's ethics office, Bessent detailed his steps to "avoid any actual or apparent conflict of interest" should he be confirmed in the role. The seasoned mone…

Devdiscourse

India

Scott Bessent: Navigating Ethical Waters in Treasury Appointment

“Scott Bessent, the billionaire hedge fund manager whom President-elect Donald Trump picked to be his Treasury secretary, plans to divest from dozens of funds, trusts and investments in preparation to become the nation’s top economic policymaker,” the New York Times reports. “Those plans were released on Saturday along with the publication of an ethics agreement and financial disclosures that Mr. Bessent submitted ahead of his Senate confirmatio…

Political Wire

Goddard Media LLC

New York

Scott Bessent Will Shed Assets to Avoid Conflicts

Scott Bessent, picked by President-elect Trump for Treasury secretary, will divest from multiple financial interests. He will shutter his investment firm Key Square Capital Management. He will resign from his foundation and his role at Rockefeller University. These steps aim to avoid conflicts of interest if he is confirmed.

The Economic Times

Sahu Jain family

Trump Treasury pick Scott Bessent to divest assets to avoid conflicts, NY Times reports

(Reuters) – President-elect Donald J. Trump’s pick for Treasury secretary, Scott Bessent, plans to divest from dozens of funds, trusts and investments in preparation for his new role, The New York Times reported on Saturday. In a letter to the Treasury Department’s ethics office, the money manager outlined the steps he would take to “avoid any actual or apparent conflict of interest in the event that I am confirmed for the position of Secretary …

WTVB

Midwest Communications

Trump Treasury pick Bessent to divest assets to avoid conflicts, NY Times reports

The hedge fund manager disclosed assets worth at least $521 million in his personal financial disclosure.

Fortune

Chatchaval Jiaravanon

Bessent to sell hedge fund stake if confirmed to lead Treasury

Scott Bessent, President-elect Trump's nominee for Treasury Secretary, plans to divest from assets worth over $700M if confirmed, reports The New York...

Seeking Alpha

Treasury secretary-nominee to divest assets to avoid conflicts: report

President-elect Donald J. Trump’s pick for Treasury secretary, Scott Bessent, plans to divest from dozens of funds, trusts and investments in preparation for his new role, The New York Times reported on Saturday.
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Trump Treasury pick Bessent to divest assets to avoid conflicts, NY Times reports

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