Ex-Fed chair Bernanke joins hedge fund

Ben Bernanke has become a senior adviser to a prominent US hedge fund, his first non-research role since leaving the US Federal Reserve.

The former Fed chairman is joining Citadel, which manages around $25bn in assets. It is run by Chicago billionaire Kenneth Griffin. Bernanke (pictured) will advise the fund on monetary policy, financial markets and the global economy, according to a statement released jointly by Bernanke and Citadel. Prior to serving two four-year terms as Federal Reserve chairman, Bernanke was the chairman of George W Bush's Council of Economic Advisers. He was also an economics professor at Princeton University. Bernanke was succeeded as Federal Reserve chair by Janet Yellen last year. He is t...