Tudor Scores Senior IMF Official

May 20 2013 | 11:18am ET

Tudor Investment Corp. has named a top International Monetary Fund official its chief economist for emerging markets.

Lorenzo Giorgianni will join the $13 billion Connecticut hedge fund in October, the Financial Times reports. Giorgianni has served as deputy chief of the IMF's Strategy, Policy and Review Department, and will formally leave at the end of next month.

Giorgianni sought to head off concerns about his leap from a high-ranking public-sector post to a major hedge fund.

"I look forward to joining Tudor and complementing my experience in policymaking by deepening my understanding of financial markets," he said. "I am following a protracted cooling-off period during which I have no access to confidential information and no involvement in any work that could give rise to a conflict of interest."

The explanation doesn't appear to appease everyone, with one former IMF official telling the FT, "It's terrible. A revolving door is fine, with an appropriate cooling-off period, but he should be out of the building."

Giorgianni's cooling-off period began in March. He "is no longer involved in any work that could give rise to a conflict of interest before his departure. This is fully in line with the fund's ethics guidelines," an IMF spokeswoman said.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Ex-Hedge Fund Billionaire Won’t Run For Senate

Jan 23 2015 | 5:48am ET

Ex-hedge fund manager Tom Steyer will not run for Senate after Sen. Barbara Boxer...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note