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Trump Sons Invested in Private Fund Making Millions on Microcaps

Trump Sons Invested in Private Fund Making Millions on Microcaps
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Investing Trump Sons Invested in Private Fund Making Millions on Microcaps A fund that includes President Donald Trump’s eldest sons among its investors has booked hundreds of millions of dollars in paper profits through a lucrative playbook that involves taking stakes in a steady stream of small, thinly traded public companies. The $1 billion vehicle, American Ventures, is the creation of a Trump Tower-based boutique bank called Dominari Holdings Inc., which counts Donald Trump Jr. and Eric...

Investing Trump Sons Invested in Private Fund Making Millions on Microcaps A fund that includes President Donald Trump’s eldest sons among its investors has booked hundreds of millions of dollars in paper profits through a lucrative playbook that involves taking stakes in a steady stream of small, thinly traded public companies. The $1 billion vehicle, American Ventures, is the creation of a Trump Tower-based boutique bank called Dominari Holdings Inc., which counts Donald Trump Jr. and Eric Trump among its advisers and shareholders. It has so far invested in at least 10 so-called microcaps, generating millions of dollars in paper gains for the president’s sons and other limited partners, in part by using financial instruments called warrants it receives in the deals.
Trump Sons Invested (ORG) Microcaps (PERSON) Donald Trump (PERSON) American Ventures (ORG) Trump Tower (LOCATION) Dominari Holdings Inc. (ORG) Donald Trump Jr. (PERSON) Eric Trump (PERSON)
Originally published by Bloomberg Technology Read original →