Sheri Dillon: Government Diversified Portfolio
on Wednesday, January 11, 2017Sheri Dillon Money Quote saying as Trump conflict of interest attorney that he’ll hold a diversified portfolio that meets guidelines from the Office of Government Ethics. Sheri Dillon said:
“The President-elect has also already disposed of all of his investments in publicly traded or easily liquidated investments. As a result, the trust will have two types of assets. First, it will hold liquid assets: cash, cash equivalents, and treasuries and perhaps some positions in a government approved diversified portfolio, one that is consistent with the regulations from the Office of Government Ethics” — Sheri Dillon
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This quote from Sheri Dillon seems to be explaining the structure and assets of the trust that Donald Trump established to hold his business assets during his presidency. A few key points:
- Trump had already disposed of all his publicly traded stock investments and easily liquidated holdings prior to taking office, suggesting an effort to reduce conflicts of interest.
- The trust will contain two types of assets – liquid assets like cash, treasuries and some diversified low-risk investments approved by the Office of Government Ethics.
- This is intended to remove Trump’s control and involvement in his original business holdings while president, while still providing a return on those assets through the trust structure.
Overall, Dillon appears to be outlining how the trust was set up to manage Trump’s business interests in a way aimed at reducing perceived conflicts and adhering to ethics guidelines, while still generating returns from his original investments.