US hedge fund hires former Presidential adviser Mary Goodman

James Caird Asset Management, the spin-out of US-based hedge fund Moore Capital Management LLC, has hired a former adviser to President Obama to help steer its investment strategy from Washington, DC.

Heading up a new office in the same region where she ran Moore Capital’s office for 10 years before joining the Obama administration in 2008, Goodman began her role as managing director at the hedge fund manager on 1 May.

She is tasked with giving strategic advice on the global macroeconomic outlook, including monetary, fiscal, financial regulatory and other policy risks to help inform the firm’s investment decisions.

Formerly Special Assistant to the President for Financial Markets at the National Economic Council (NEC) under Director Lawrence Summers from 2009-2010, Goodman has held a number of senior policy roles. She used to be Senior Advisor to Treasury Secretary Timothy Geithner, and was hired by Obama’s team after his election in November 2008.

She played a part in developing the Financial Stability Plan designed to help stabilise the US economy, restore bank confidence and revive securities markets.

Earlier, from 1991-1998 she was with the U.S. Treasury Department in the Office of the Assistant Secretary for International Affairs, where she acted as the US’ G7 debt expert.

She was also the Treasury’s negotiator in the Paris Club, an informal group of 19 officials from some of the largest global economies that provides debt restructuring, relief and cancellation.

“Events in recent years have shown the significant impact of policy makers and regulators on global markets, in terms of both
price movement and liquidity conditions,” said the firm’s US chief investment officer Robert Miller.

“We are delighted to welcome Mary Goodman to the team and are excited at the opportunity to benefit from her understanding of policy developments and the investment opportunities that will arise in an increasingly complex environment,” he added.


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