Trump-backed Fed chair nominee Kevin Warsh details extensive financial holdings ahead of Fed confirmation hearing.
Holdings in Elon Musk’s SpaceX company and predictions platform Polymarket is among dozens of future-oriented assets that Federal Reserve chair nominee Kevin Warsh lists on a newly filed financial disclosure that shows dozens of apparently small bets on a wide array of emerging and almost science fiction-sounding ventures.
The extensive holdings underscore Warsh’s ties to Wall Street and Silicon Valley through investments and advisory relationships.
The filing, released by the Office of Government Ethics on Tuesday, also reflects new urgency to move his confirmation forward.
Moreover, the filing shows tech stakes and more than $10 million in consulting fees for Trump’s pick to lead the central bank.
Additionally, Warsh’s major holdings put his assets at well over $100 million, including two $50-million-plus holdings in the Juggernaut Fund LP, apparently part of Warsh’s work advising for the Duquesne Family Office, the private investment firm of Stanley Druckenmiller.
But it is in dozens of other holdings, listed as part of something called DCM Investments 10 LLC with a market value of no more than half a million dollars, that Warsh’s stylings as a traditionalist central banker morph into an emerging future of digitized AI avatars doling out advice, AI-driven art, new vaccines for herpes and long-lasting reversible male contraception, and decentralized derivatives trading.
SpaceX may be well known for Musk’s business blanketing the globe with internet satellite coverage and ambitions for a manned journey to Mars.
But the relatively small half-million dollars spread across dozens of firms suggests early-stage bets on less well-known companies that may make it, may not, or may make it big.
There’s “Recraft,” described in Warsh’s filing as an “AI vector art platform.”
There’s Volt, an “AI physical security software” company, and 11x, an “autonomous AI workforce platform.”
A company called Outpace Bio is involved in protein engineering, a field considered to have enormous potential through the use of AI; Partiful takes human welfare in a different direction, offering a “social event planning platform”; Cafe X could provide synergy there with its “robotic coffee bar platform.”
Furthermore, crypto and fintech are other focuses, including Tenderly, an “Ethereum developer platform”; Stashfin, described as a “consumer lending neobank,” and Lemon Cash, described as a crypto financial services platform.
Additionally, there’s also a “digital cloning platform” called Delphi AI, whose website says it will “turn your knowledge into an interactive profile people can talk to”—a tool Warsh might find useful at Fed press conferences.
