Trump's Treasury pick boosted an investment with TV talk
WASHINGTON (AP) — President-elect Donald Trump's choice to become Treasury secretary, Steven Mnuchin, will sell 43 assets to avoid conflicts of interest in office, according to new filings made public Wednesday by the U.S. Office of Government Ethics.
Mnuchin, an investment banker and financier with a disclosed net worth of at least $166 million, holds investments of between $1 million and $2 million in the Paulson Advantage Fund, a hedge fund managed by fellow Trump supporter John Paulson.
[...] Mnuchin — who as Treasury secretary would play a large role in any such privatization process — sparked a rally in the stocks' price when he told Fox Business News on Nov. 30 that privatizing the companies would be a priority for the Trump administration.
Aside from the Paulson funds, Mnuchin's holdings reflect his time in investment banking, the entertainment business and private equity.