Thu, Apr 25, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund managers Paulson, Mnuchin are now part of Trump’s economic team

Monday, August 08, 2016

amb
John Paulson
Benedicte Gravrand, Opalesque Geneva:

Donald Trump, the GOP presidential candidate, has unveiled his economic team, which will include John Paulson, founder of hedge fund firm Paulson and Co, and Steven Mnuchin, Trump’s national chairman and CEO of hedge fund firm Dune Capital Management.

The announcement was issued ahead of Trump's planned economic policy speech in Detroit on Monday.

Other members include real estate, private equity and commodity investors, bankers and a couple of economists – all men, many of them billionaires.

They are, according to CNBC, Steve Roth (head of Vornado Realty), Harold Hamm (CEO of Continental Resources), Howard Lorber (CEO of tobacco and real estate company Vector Group), Tom Barrack (founder and chairman of real estate investment firm Colony Capital), Stephen M. Calk (chairman and CEO of The Federal Savings Bank), Andy Beal (founder and chairman of Beal Bank), Steve Feinberg (co-founder and CEO of private equity firm Cerberus Capital Management), David Malpass (former Bear Stearns chief economist), Peter Navarro (economics professor at the University of California), Stephen Moore (former editor and founder of the Club for Growth) and Dan DiMicco (CEO of steel company Nucor). Barrack and Malpass have past governmental experience.

The lineup is heavy on aging billionaires who run their own enterprise......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1