Economist Who Once Advised Obama Now Consults With Hedgies

Apr 7 2014 | 9:23am ET

A former top economist for U.S. President Barack Obama is now offering his take on market developments with hedge fund managers and other financial market players.

Austan Goolsbee, through a contract with New York City-based consultancy 32 Advisors, has chatted most Fridays since February 2013 with employees of large hedge fund firms Fortress Investment Group, York Capital Management, Perella Weinberg Partners, SkyBridge Capital and others.

Firms who pay to join the 45-90 minute conference calls get to hear Goolsbee opine on issues such as the rise of bitcoin and the controversy surrounding high-frequency trading.

CNBC said Goolsbee does not give the fund managers trade ideas but rather focuses on the “big picture.”

If you want to dial in, sign up early—the calls are limited to 18 participants.


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