The fund, about which there are few details, will be established by the Department of the Treasury and the Department of Commerce over the next 12 months.
The former Soros CIO and hedge fund manager discussed tax policy, sanctions and deregulation while answering questions from the Senate Finance Committee Thursday.
The fund manager and former Soros CIO, set to be nominated as secretary of the treasury, has stated his intent to spur growth through deregulation and energy production.
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