Former Federal Reserve chief Ben Bernanke to advise Citadel hedge fund

April 16, 2015 3:13 PM

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Former Federal Reserve Chairman Ben S. Bernanke will work as advisor to a leading hedge fund, becoming another onetime Washington official to move into the high-paying financial industry.

Bernanke will be an "outside senior advisor" at Citadel, a Chicago-based firm that oversees $25 billion in investments, the company said Thursday. He will consult "on developments in monetary policy, financial markets and the global economy," Citadel said.

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