Amid the ongoing war, controversy emerged over reports that a broker for US Defense Secretary Pete Hegseth attempted to make a big investment in major defense companies in the weeks leading up to the US-Israeli attack on Iran.
Hegseth’s broker at Morgan Stanley contacted BlackRock in February about making a multimillion-dollar investment in the asset manager’s Defense Industrials Active ETF, shortly before the US launched military action against Tehran, the Financial Times reported, citing three people familiar with the matter.
Hegseth’s broker looked to buy defense fund before Iran attack
byu/AdamGSMA instocks
Posted by AdamGSMA
4 Comments
Can we please not pretend he is the only guy? Didn’t they report on huge movements at the oil market right before the orange declared war on twitter? He might be the only one dumb enough to get caught…
‘attempted to’?
Did you forget last week Monday pre-market calls right before the TACO truth?
Why are you guys surprised?
At least put sources OP.
FT version:
https://www.ft.com/content/744ea8dc-6d93-4fe9-a5e3 -36de4f5d06db?shareType=nongift.
Reuters version:
https://www.reuters.com/business/finance/us-defense-secretary -hegseths-broker-looked-buy-defense-fund-before-iran-attack-2026 -03-30
Hegseth comes across as a dumb individual so it wouldn’t surprise me if he was the only one who managed to lose money despite having inside information.
>The Nasdaq-listed IDEF fund has risen 28 per cent over the past year, but has not risen on the Middle East war, falling almost 13 per cent in the past month.