Citadel's top trader resigns, firm hires Ben Bernanke

Ben Bernanke

Derek Kaufman, global head of fixed income at Citadel, is leaving the hedge fund firm.

Bloomberg News reports that Kaufman, 40, resigned two weeks ago and his portion of the portfolio has been liquidated, said Katie Spring, a spokeswoman for the firm founded by Ken Griffin. The rest of Kaufman’s team is remaining and the senior members will now report to Griffin, Spring said.

In the meantime, Bloomberg also reports that former Federal Reserve Chairman Ben S. Bernanke is joining Citadel, the hedge fund run by Chicago billionaire Kenneth Griffin, as a senior advisor.

Bernanke will consult with Citadel on developments in monetary policy, financial markets and the global economy, the firm said in a joint statement with Bernanke on Thursday.

'Citadel is a dynamic firm with tremendously talented people and a rigorous approach to research and investing', Bernanke said. 'I look forward to adding my perspective on a range of issues affecting our global economy'.

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