Citadel Hires Bernanke as Senior Adviser

Photo Credit: Federal Reserve

Photo Credit: Federal Reserve

Former Federal Reserve Chairman Ben S. Bernanke has agreed to advise Citadel, a hedge fund founded by billionaire Kenneth C. Griffin. Bernanke was the face of the Federal Reserve for eight years, spanning February 2006 to January 2014. During his tenure at the central bank, he presided over the 2008 global financial crisis, an enormous U.S. taxpayer-funded government bailout of the financial industry and the prolonged recession riding years after 2008. Using all available “magic” bullets, Bernanke was involved with providing accommodative monetary policy to stave off a global depression. The quantitative easing (QE) policies by the Fed and now European Central Bank (ECB), have rattled the asset allocation and return expectations of sovereign wealth funds, pensions and other institutional investors.

Bernanke isn’t the first Fed official to advise hedge funds.

“We are honored to welcome Dr. Bernanke to Citadel,” said Ken Griffin in a press release. “He has extraordinary knowledge of the global economy and his insights on monetary policy and the capital markets will be extremely valuable to our team and to our investors.”

Citadel

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