The resignation would immediately follow his confirmation as Treasury secretary, according to a document released by the U.S. Office of Government Ethics. He’d wind down his interest in Key Square Group, the macro hedge fund he founded and led, within 90 days after winning Senate approval.

Scott Bessent, Donald Trump’s Treasury Secretary pick, will dissolve his hedge fund to avoid conflicts of interest. Bessent plans to divest from all business roles

Scott Bessent, a billionaire hedge-fund manager, outlined his plans in financial disclosures and an ethics agreement released ahead of his confirmation hearing.

Nominated by President-elect Donald Trump for Treasury Secretary, Scott Bessent announced he will withdraw his investments from held assets. If the Senate confirms his nomination, the hedge fund manager will be responsible for overseeing U.

Financial disclosure forms show hundreds of millions of assets including property in the Bahamas and investments in Bitcoin and bets against China’s currency.

Scott Bessent will also resign from Key Square Group, the hedge fund he founded, to avoid conflicts of interest if the Senate confirms him.

Senate hearings are set to begin for Donald Trump’s picks for his Cabinet. Many have been meeting with senators individually.

Scott Bessent, the investor selected by President-elect Donald Trump to be his Treasury secretary, will divest from his Key Square Group hedge fund and other investments, according to a letter to the Treasury Department's ethics office.

Trump's Treasury nominee Scott Bessent plans to liquidate a string of investments, including BTC ETF, to avoid a potential conflict of interest.

US President-elect Donald Trump’s nominee for Treasury Secretary, Scott Bessent, is set for a confirmation hearing on Jan. 16, according to the Senate Finance Committee.

The U.S. Senate Finance Committee on Friday said it will hold a Jan. 16 nomination hearing on President-elect Donald Trump's nominee to lead the U.S. Treasury Department, Scott Bessent.