Bessent founds Key Square Capital Management

Bessent departs Soros Fund Management and founds Key Square Capital Management in Q3 2015, a Connecticut-based global macro hedge fund. The launch raises roughly $2 billion in initial capital, including backing from Soros, making it one of the largest hedge fund startups of the decade. Bessent serves as CEO and Chief Investment Officer. The firm focuses on macro investing across currencies, fixed income, and geopolitical trends.