If confirmed as the US Treasury Secretary, Scott Bessent will sell his hedge fund holdings to avoid conflicts of interest

News on January 12, if approved by the U.S. Senate, Scott Bessent, nominated as Treasury Secretary by President-elect Trump, will resign from his position at Key Square Group and sell his shares to avoid conflicts of interest.

According to a document released by the U.S. Government Ethics Office, Bessent's resignation will take effect immediately after he is appointed as Treasury Secretary. Within 90 days of receiving Senate approval, he will sell his shares in Key Square Group (a macro hedge fund he founded and led).