(Bloomberg) — Mick Mulvaney, a Trump administration veteran who served as acting White House chief of staff, is launching a hedge fund that aims to bet on financial services stocks.Mulvaney is starting the enterprise, Exegis Capital, with investor Andrew Wessel, a former portfolio manager at Sterling Capital Management. The pair discussed their plan at length in a podcast interview with S&P Global Market Intelligence released on Aug. 25.The long-short fund will capitalize on the duo’s knowledge of major regulatory changes that impact the financial services industry, they said on the podcast.Mulvaney, a former congressman, was appointed in March as the …read more
Source:: Yahoo Finance
