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  1. Home
  2. ECONOMY
August 05, 2016 01:00 AM

Trump economic advisory includes leaders of alternative money managers

Bloomberg
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    Andrew Harrer/Bloomberg
    Donald Trump

    Republican presidential nominee Donald Trump on Friday named an economic advisory group that includes John Paulson, Steve Feinberg, Steve Roth, Harold Hamm and Tom Barrack.

    The announcement comes ahead of a speech Monday to the Detroit Economic Club that could help Mr. Trump re-focus his campaign after a string of feuds and missteps was capped Thursday by post-convention polls showing him trailing Democratic nominee Hillary Clinton.

    Mr. Trump in the speech will reveal "his policy agenda for revitalizing the American economy," according to a statement from his campaign. "Mr. Trump's speech will focus on empowering Americans by freeing up the necessary tools for everyone to gain economically. It will stand in stark contrast to Clinton's same, stale big government policy prescriptions that have choked economic growth in America and led to over 40 years of wage stagnation."

    Other economic advisers, according to the Trump campaign, will include Steven Mnuchin, Howard Lorber, Stephen M. Calk, Andy Beal, David Malpass, Peter Navarro, Stephen Moore, and Dan DiMicco. The campaign, which didn't name any women, said more members of the group would be added later.

    The campaign's national policy director is Stephen Miller and its deputy policy director is Dan Kowolski, according to the announcement.

    Mr. Trump turned to supporters in the real estate industry, including Vector Group's Mr. Lorber and Vornado Realty Trust's Mr. Roth, as he ramped up his fundraising operation after the Republican presidential primary.

    Mr. Paulson is the founder and president of hedge fund manager Paulson & Co. Mr. Feinberg is the co-founder and CEO of alternatives manager Cerberus Capital Management.

    Mr. Mnuchin, the CEO of Dune Capital Management and a former Goldman Sachs executive, became Mr. Trump's national finance chairman in May. Mr. Barrack, the billionaire founder of Colony Capital, is a longtime friend of Mr. Trump's who spoke on his behalf at the Republican National Convention in Cleveland last month.

    Mr. Hamm, the billionaire CEO of Continental Resources Inc., has praised Mr. Trump for his unconventional campaign and for his plan to curb immigration that Mr. Trump says poses a terrorism threat to the U.S.

    Mr. Moore has advised the Trump campaign on its tax plan. Messrs. Navarro and DiMicco have offered advice on trade.

    “Bad trade deals are at the heart of America's economic malaise," Mr. Navarro said in a recent interview with Bloomberg. "Trump knows that in order for the global economy to prosper, we need to trade freely. But he's not going to stand, for a second, cheating.”

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