Fed Chair Kevin Warsh Discloses Up to $5.9 Million in Asset Sales

Federal Reserve Chair Kevin Warsh disclosed five asset sales totaling between approximately $1.42 million and $5.9 million, including a $1 million-to-$5 million sale of his stake in private investment-software company Arcana Analytics. The transactions were made in July and August as Warsh completed divestitures required under his federal ethics agreement.

• Warsh sold his Arcana Analytics interest on August 3 for a disclosed transaction amount of $1,000,001-$5,000,000.
• His earlier financial disclosure valued the Arcana stake at $100,001-$250,000; the filings do not establish Warsh's cost basis or investment gain.
• Warsh also sold a $100,001-$250,000 interest in Goat Growth Fund II, whose disclosed underlying holding was payments platform Xendit.
• Three THSDFS LLC interests were sold July 14 for combined disclosed amounts of $315,003-$650,000.
• The underlying assets of those THSDFS series were withheld under preexisting confidentiality agreements.
• Warsh's ethics agreement required the Arcana and Goat Growth Fund divestitures within 90 days of his confirmation.

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Editor’s Note: This is a developing story. This article may be updated as more details become available.