Politics
Trump Sons Invested in Private Fund Making Millions on Microcaps
Key Points
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.