Ex-Moore Man Lipton Eyed For IMF

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.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note