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While Scott Bessent may be a new name to many Republicans, he has a record of fighting back against the far left’s political agenda from even within what some conservatives would consider the belly of the beast: George Soros’ hedge fund.
This was back in 2014. After the Israeli military launched Operation Protective Edge in Gaza in response to escalating tensions and rocket attacks, the far left stepped up its pressure campaign to force businesses to divest from Israel. A group from the Open Society Foundation wanted the Quantum Fund, Soros’s hedge fund, to be an early adopter of divest-from-Israel investment principles, calling on the fund to withdraw from investing in companies that did business in Israel.
The experience of that trade, which was essentially a gamble that the official currency manipulation scheme of European governments pre-Euro was unstable, could prove highly useful as the incoming Trump administration confronts the trade and currency strategies of economies around the globe—especially China’s—that have hurt U.S. workers and sapped U.S. industrial might.
“Scott is definitely not afraid of George,” Buzz Burlock, founder of San Francisco-based hedge fund Origin Capital and a former Soros executive,Bessent did not agree with a lot of the work done by the nonprofit founded by Soros, the Open Society Foundation, according to theWhile Bessent’s public profile is now much larger, he is hardly a newcomer to Trump’s circles. In 2016, Bessent believed that investors and pundits were underestimating Trump’s chances of winning.
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