Former Federal Reserve Chairman Ben Bernanke to Work with Citadel
The former Federal Reserve chairman Ben S. Bernanke has been appointed by Citadel, a global hedge fund firm founded by Kenneth C. Griffin, as an Adviser.
Now he has signed on to advise one of Wall Street’s biggest hedge funds.
Mr.
Bernanke will become a senior adviser to Citadel, the $25 billion hedge
fund founded by the billionaire Kenneth C. Griffin. He will offer his
analysis of global economic and financial issues to Citadel’s investment
committees. He will also meet with Citadel’s investors around the
globe.
It
is the latest and most prominent move by a Washington insider through
the revolving door into the financial industry. Investors are
increasingly looking for guidance on how to navigate an uncertain
economic environment in the aftermath of the financial crisis and are
willing to pay top dollar to former officials like Mr. Bernanke.
Mr.
Bernanke joins a long parade of colleagues and peers to Wall Street and
investment firms. After stepping down, Mr. Bernanke’s predecessor, Alan
Greenspan, was recruited as a consultant for Deutsche Bank, the bond
investment firm Pacific Investment Management Company and the hedge fund
Paulson & Company.
Source: New York Times
