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Scott Bessent is an American hedge fund manager who was sworn in as the 79th U.S. Secretary of the Treasury in January 2025. Before joining the Trump administration, Bessent spent decades in finance, notably as a senior partner and Chief Investment Officer for Soros Fund Management and as the founder of his own firm, Key Square Group. He is the first openly gay Treasury Secretary.

Early life and education
Birth and family: Scott Kenneth Homer Bessent was born on August 21, 1962, in Conway, South Carolina. His father was a real estate agent.

Education: He graduated from North Myrtle Beach High School in 1980. In 1984, he earned a Bachelor of Arts in political science from Yale University. While there, he was class treasurer and an editor for the Yale Daily News.

Financial career
Soros Fund Management (SFM): Bessent is best known for his two influential stints at George Soros's firm.

From 1991 to 2000, he was a managing partner and ran the firm's London office. He gained significant notoriety for being part of the team that profited approximately $1 billion by betting against the British pound in 1992 (an event known as "Black Wednesday").

He returned to Soros Fund Management in 2011 to serve as the firm's Chief Investment Officer until 2015.

Key Square Group: In 2015, Bessent founded his own macro hedge fund, Key Square Group. The firm focused on global macroeconomic shifts and quickly became a prominent player in the industry.

Other experience: His other career roles include:
Working at Brown Brothers Harriman and Kynikos Associates early in his career.

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2025/10/25 07:53:31
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