Ex-Soros CIO Bessent Leads Key Square to 30% Gain on Yen Bet
- Scott Bessent’s wagers for 2023 center on yen, gold and oil
- He joins Rokos and Platt in banner year for macro hedge funds
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Scott Bessent, a former Soros Fund Management investing chief, posted a 30% gain in his macro hedge fund this year through Tuesday — and he told clients he’s betting on a rising yen, gold and oil in 2023.
The Bank of Japan’s surprise decision to widen the yield curve control band for 10-year government bonds marked a “seminal moment for global monetary policy and financial market liquidity,” Bessent, 60, told clients of his Key Square Capital Management in a Dec. 20 letter.