Bernanke joins hedge fund, brings quantitative easing to his wallet

Banjo · Apr 16, 2015

Ben Bernanke, former chairman of the U.S. Federal Reserve, will serve as a senior adviser with hedge fund Citadel Investment Group

http://www.marketwatch.com/story/bernanke-signs-on-as-advisor-at-citadel-nyt-2015-04-16

blakpacman · Apr 16, 2015

Hiring these big name people is more for prestige and attracting/keeping AUM than anything else, imo.

marketsurfer · Apr 16, 2015

Good for him!!

traderob · Apr 16, 2015

no one is concerned about the temptations of insider trading considering his intimate, albeit supposedly past, relation with the Fed?

dealmaker · Apr 16, 2015

Banjo said:
Ben Bernanke, former chairman of the U.S. Federal Reserve, will serve as a senior adviser with hedge fund Citadel Investment Group

http://www.marketwatch.com/story/bernanke-signs-on-as-advisor-at-citadel-nyt-2015-04-16

He was action oriented Fed Chairman, we have not yet to seen the unintended consequences of his actions....

eurusdzn · Apr 16, 2015

So when another August Factor type period happens and they cant figure out
whats going on, or which venture is collapsing, can they ask Bernanke to contact some friends
and find out. Can a sitting fed reserve bank executive actually tell Bernanke what they know?
Say it aint so.

Tsing Tao · Apr 17, 2015

Yet we are to believe the Fed is not beholden to banks and hedge funds.

Uh huh. They are independent. Or something.

benwm · Apr 17, 2015

Fed is owned by the banks. Whatever made you believe it was independent?

Banjo · Apr 17, 2015

He doesn't, he was being sarcastic. Add to Bernanke going to Citidel, the N Y Fed's tool in the futures mkts this:
http://www.reuters.com/article/2015/04/14/us-usa-fed-disaster-idUSKBN0N528G20150414

and non mkt related items like these,

https://www.fbo.gov/index?s=opportu...5061ac6a7f71fcbc0cb9dea0791&tab=core&_cview=0

http://www.dailymail.co.uk/news/art...Mountains-decade-abandoned.html#ixzz3Wod66mbE
and it does appear information may be more extremely asymmetrical than generally thought.

benwm · Apr 17, 2015

Banjo said:
He doesn't, he was being sarcastic.

So why should we be surprised Bernanke gets a lucrative job at a hedge fund? That's how this business works. He's not working for the public good, is he?

PS. Daily Mail is probably not the most reliable source to reference.