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Alternative Market Briefing

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

Monday, August 08, 2016

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......................

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