How are energy investors positioned?
Investing.com -- The Trump administration is reportedly considering Kyle Bass, a hedge fund veteran and known critic of China, for a position within the Treasury or Defense Department. Bass is the Founder and Chief Investment Officer of Hayman Capital Management and has frequently voiced concerns about the potential risks posed by China.
Bass has been in discussion with President Donald Trump’s team since December about a potential role in the administration. His background and views have impressed several White House officials, according to Bloomberg, citing sources familiar with the matter. Bass has a longstanding relationship with Scott Bessent, who is currently awaiting confirmation to become Treasury Secretary. Bass publicly supported Bessent's candidacy for the position on Bloomberg TV in November.
Although Bass's investment and markets expertise are often sought for roles in the Treasury's domestic finance unit, it is more likely that he will be positioned in the international affairs office if he joins the Treasury Department. The Trump administration has not yet announced an undersecretary to oversee the Treasury’s international unit, which is responsible for currency policy and international finance. This unit also houses the Committee on Foreign Investment in the US (CFIUS), a multi-agency panel that reviews foreign investments for national security risks.
Neither a White House spokesperson nor Bass himself responded to requests for comment on these developments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.