Scott Bessent's rise through finance to the US Treasury

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Scott Bessent's rise through finance to the US Treasury

- Investor Scott Bessent has spent his career in finance, working for macro investment billionaire George Soros and noted short seller Jim Chanos, as well as running his own hedge fund.

"Scott is one of the smartest and sharpest investors I’ve had the privilege to work for. Just like George Soros was, he too is typically multiple steps ahead of the market," said Michael Oliver Weinberg, a Columbia Business School professor and investment advisor who previously worked under Bessent as a portfolio manager at Soros Fund Management.

He worked for Chanos in the late 1980s and then joined Soros Fund Management, Soros' famed macroeconomic investment firm. He soon helped Soros and top deputy Stanley Druckenmiller on their most famous trade - shorting the British pound in 1992, which earned the firm more than $1 billion.

 

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