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Scott Bessent has ambitions to launch third-largest hedge fund of all time

Scott Bessent, who had been managing George Soros’ $30 billion fortune for the past four years, officially launched his own hedge fund this week with $2 billion in assets.

Bessent’s Key Square Group, a global macro hedge fund, will be running $4.5 billion by the end of the first quarter, making it the third-largest hedge fund launch ever.

Bessent, 53, is well-known in the global macro investing world. He’s also widely considered a protégé of Soros.

Bessent attended Yale and graduated with honors in 1984. He would later return to his alma mater as an adjunct professor teaching a class called Hedge Funds: History, Theory and Practice.


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