President-elect Donald Trump signaled Friday his intention to nominate hedge fund executive Scott Bessent ... he would come to office at a critical time as the U.S. wrestles with a growing economy ...

ADVERTISEMENT The multi-billion hedge fund CEO, who is a staunch Trump supporter and megadonor to the Republican Party, has been vocal about the president’s policies on tariffs and immigration.

"Hedge fund positioning shows some of the lowest conviction in the direction of asset prices that we have seen in decades,” said Bob Elliott, CEO and CIO of Unlimited and portfolio manager of actively ...