Bessent joined  This is the hidden content, please Sign In or Sign Up  (SFM) in 1991 and was a partner there throughout the 1990s, eventually becoming head of the London office. This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up  In 1992, Bessent was a leading member of the team whose bet on the  This is the hidden content, please Sign In or Sign Up  collapse of the British  This is the hidden content, please Sign In or Sign Up garnered over $1 billion for the firm. His bet against the Japanese  This is the hidden content, please Sign In or Sign Up  in 2013 brought additional profit. This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up After resigning from SFM in 2000, Bessent founded a $1 billion hedge fund. This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up  The fund closed in 2005. Bessent has said he learned that he should not change his style or the construct of the firm because of investor preferences. This is the hidden content, please Sign In or Sign Up  He was also a senior investment advisor at fund-of-funds  This is the hidden content, please Sign In or Sign Up . This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up  Bessent returned to Soros Fund Management and was chief investment officer from 2011 to 2015. This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up  He left in 2015 to begin a new firm, Key Square Group. This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Key Square Group Bessent founded Key Square Group in 2015 with Michael Germino, who had been the global head of capital markets at SFM. This is the hidden content, please Sign In or Sign Up  Key Square uses  This is the hidden content, please Sign In or Sign Up  and economics to make macro investments. This is the hidden content, please Sign In or Sign Up  Key Square received a $2 billion anchor investment from  This is the hidden content, please Sign In or Sign Up . This is the hidden content, please Sign In or Sign Up  At the end of 2017, Key Square's assets were $5.1 billion. This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up  Key Square's main fund returns increased by 13% in 2016 but lost money or broke even every year from 2017 to 2021 before making major gains in 2021, 2022 and 2023. The inconsistent track record scared away clients. Assets under management shrank from $5.1 billion in 2017 to $577 million in 2023 and the number of institutional investors declined from 180 to 20 over the same period. This is the hidden content, please Sign In or Sign Up As part of a pre-arranged deal, the firm returned in 2018 the Soros capital as it took in other assets. This is the hidden content, please Sign In or Sign Up  Its investors include Australia's sovereign wealth fund,  This is the hidden content, please Sign In or Sign Up . This is the hidden content, please Sign In or Sign Up  

Uh oh MAGAS, any issues with this? Scott Bessent Seems to be textbook deep state with the soros affiliation.    Bond markets, and my investment accounts,  are liking the pick so far with rates down as investors breathe a sigh of relief. Reportedly he will take a softer approach to tariffs, which are inflationary and pass throughs to consumers, as all 1.5 of us on SETX know 

tt

Updated for Nov. 25

Final Tarkington                46 Central Heights        29   Up next Buna vs. LaPoyner