MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, April 29, 2015 Hodge Hires an Ex-Fed Chairman The former chief of the U.S. central bank, which sets interest rates, is teaming up with one of the world's largest fixed income asset managers.
Bernanke isn't the first ex-Fed chair to team up with Pimco. Kirsten Grind of the Wall Street Journal notes that Alan Greenspan, Bernanke's predecessor atop the Fed, advised Pimco from 2007 to 2011. And this isn't Bernanke's only new gig advising a prominent asset manager. Earlier this month hedge fund shop Citadel revealed that Bernanke was joining, in a position that has the same title as his new one at Pimco. (A spokeswoman for the Brookings Institution confirms to Bloomberg that Bernanke will also continue to be a full-time distinguished fellow in residence at the Washington-based think tank.) Dan Ivascyn, group chief investment officer at Pimco, confirms that Bernanke has already participated in two of Pimco's "quarterly economic forums." In addition to Bloomberg and the WSJ, a host of other publications have jumped on the Bernanke-Pimco move. They include: Barron's, DealBreaker, the Financial Times, Fortune, Investor's Business Daily, the LA Times, the New York Times, the Orange County Business Journal, and the Washington Post. Printed from: MFWire.com/story.asp?s=51668 Copyright 2015, InvestmentWires, Inc. All Rights Reserved |
