Ex-Fed chief Bernanke to advise US hedge fund firm

New York

FOR eight years, Ben Bernanke, the former Federal Reserve chairman, was steward of the world's largest economy. Now he has signed on to advise one of Wall Street's biggest hedge funds.

Mr Bernanke will become a senior adviser to the Citadel Investment Group, the US$25 billion hedge fund founded by billionaire Kenneth 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.