Hedge fund billionaire Paul Tudor Jones has hired one of the International Monetary Fund’s most senior officials, reports FT.
Lorenzo Giorgianni, the deputy head of the IMF’s policy department (!!), will join Jones’s Tudor Investment Corporation in October according to FT.
This is serious stuff. IMF and World Bank people have access to all kinds of insider data about money flows and where money is placed. Just in casual conversations with IMF and World Bank people, I have learned all kinds of very valuable information. I know for example that Slovenia is most likely the next country to experience a financial crisis, because a senior guy at one of these organizations, who has seen the numbers, told me.
I can't imagine all the things I would learn by having a senior IMF or World Bank employee on my payroll. Especially from the policy department!!
Meanwhile Giorgianni has issued this statement:
I look forward to joining Tudor and complementing my experience in policy making by deepening my understanding of financial markets. 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.
Yeah right, any work at the IMF is a conflict of interest work relative to the investment world.
Giorgianni will be chief economist for emerging markets at Tudor.
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