Tuesday, 1 December 2015
Last updated 20 hours ago
May 18 2011 | 11:34am ET
A Moore Capital Management veteran may be moving from the White House to the International Monetary Fund.
The Obama administration has mooted naming David Lipton first deputy managing director of the IMF, Reuters reports. Lipton worked at Moore and then Citigroup in between his government stints; he served as undersecretary for international affairs at the Treasury Department under President Bill Clinton and is now a special assistant to President Barack Obama.
Lipton, who spent five years at Moore, is also a former IMF staffer.
Lipton would replace John Lipsky, who announced last week that he would step down in August. Little did he know how eventful his last months would be: Lipsky is currently serving as acting managing director of the IMF following the arrest of IMF chief Dominique Strauss-Kahn in New York on Saturday for allegedly sexually assaulting a hotel housekeeper.
Strauss-Kahn, widely tipped to become the next president of France, was denied bail as a flight risk and is currently awaiting his next court date in a jail cell on Rikers Island.
By tradition, the managing director of the IMF is always a European, while his top deputy is an American.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…