Trump’s Treasury Secretary nominee comes to the post from the hedge fund world where he lost 90% of the approximately $6 billion of assets entrusted to him. Nine zero. https://www.reuters.com/business/finance/fund-manager-bessent-scores-trump-victory-hopes-bigger-win-2024-11-22/
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Nothing matters.
Nothing is true.
Everything confirms my bias.
That's not how it works. It's about Assets Under management(AUM)
He opened other funds where it appears much (though not all) the assets were reallocated.
His investments performance is mixed
There’s been a 90% decline in assets under management. Most of the drop has come from clients taking their money out of the fund.
If you haven’t bankrupted or raped somebody you are not eligible for the drump cabinet…
I'm very surprised you would get this basic fact wrong.
Actually losing a large % of investor money would result in the fund being shut down and civil or even criminal proceedings.
The guy underperformed the index for many years, suffered redemptions. Not a star manager by any means, but he didn’t lose 90% of his investors capital. In the L5Y he made money, cumulatively
"it's fine."
How long before he puts the US Treasury's assets in Dogecoin? 🤪
I do better than that as a non-professional investor.
Should be great for the country, can't wait.
Such an shameful legacy. The man who tried to take a wrecking ball to democracy. #Resist
*was interviewed by. If they cavort in other ways, I don’t know.
https://bsky.app/profile/keysersoze2024.bsky.social/post/3lbmxvpmifc2a
It’s what Republicans do.
Odds against 10000 to 1