Trump's former treasury secretary to launch Gulf-backed investment fund

Washington, D.C. — Less than two months out of office, former US Treasury Secretary Steven Mnuchin is raising eyebrows for reportedly launching an investment fund that will be backed by sovereign wealth funds from Arab Gulf states. Mnuchin, who served in Donald Trump’s cabinet, was in the hiring process for the new venture, which will be based in Washington, DC, according to a Washington Post report last Tuesday, which cited two anonymous sources familiar with the project. The fund will be focused on financial technology, entertainment and other sectors, the sources told the paper. The report …

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