As a money manager, Scott Bessent's years of inconsistent performance have contributed to a nearly 90% decline in his hedge fund's assets. Now, with other business lines expanding, he has scored on perhaps his biggest bet yet: President-elect Donald Trump.

WASHINGTON (AP) — President-elect Donald Trump announced Friday that he’ll nominate former George Soros money manager Scott Bessent, an advocate for deficit reduction, to serve as his next treasury secretary.

Days after claiming a resounding victory in US elections 2024, Donald Trump has announced he will nominate investor Scott Bessent for Treasury Secretary. Bessent is an American investor, philanthropist,

A former executive at Democratic megadonor George Soros’ hedge fund, Bessent is some Trump advisors’ favored choice for arguably the top U.S. economic post after John Paulson dropped out of contention.

WASHINGTON - President-elect Donald Trump said Friday that he will nominate former George Soros money manager Scott Bessent to lead the Treasury Department and serve as treasury secretary.

President-elect Donald Trump said he is nominating Scott Bessent, who runs macro hedge fund Key Square Group, as the next US Treasury Secretary, enlisting a key adviser to manage the sweeping economic agenda he has vowed to enact in a second term.

The Treasury Secretary is a high-level Cabinet position charged with advising the president on matters related to financial, economic and tax policy.

President-elect Donald Trump has picked Scott Bessent, a hedge fund manager and major Trump fundraiser, to be his next Treasury secretary, people familiar with the decision said. Bessent, who has been among Trump’s biggest allies on Wall Street,

Scott Bessent campaigned for Trump all year and is seen as a figure who can make populist rhetoric palatable to Wall Street.

Donald Trump picks Scott Bessent, a former money manager for Democratic donor George Soros, as Treasury secretary. He also announces choices for Labor, HUD and top budget official.

President-elect Donald Trump on Friday announced hedge fund manager Scott Bessent as his choice for treasury secretary and first-term official Russell Vought to head the Office of Management and Budget.