Scott Bessent may have imagined a triumphant return to hedge fund row after his stint as US Treasury secretary. Right now, that homecoming looks like it needs a rewrite.
Bessent came up under George Soros and Stanley Druckenmiller, and he’s been leaning on that pedigree as leverage over markets themselves — warning traders who bet against his priorities that they’ll get burned.
He’s cautioned against pushing oil higher, driving bond yields up, or selling the yen, suggesting his inside knowledge, financial muscle and government connections give him an edge no ordinary trader can match.
