UPDATE 1-Bernanke to advise hedge fund Citadel

April 16, 2015 7:38 AM

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April 16 (Reuters) - Ben Bernanke, former chairman of the U.S. Federal Reserve, has agreed to become a senior adviser to Citadel Investment Group, a $25 billion hedge fund founded by billionaire investor Kenneth Griffin, the New York Times reported on Thursday.

Bernanke, who handed the reins of the U.S. central bank to Janet Yellen last year, will advise Citadel's investment committees on global economic and financial issues and meet the fund's investors, the newspaper said. (nyti.ms/1Oh5f4A)

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