Ben Bernanke, former chairman of the US Federal Reserve will soon join hedge fund Citadel Investment Group. According to the New York Times, Bernanke will take up the role of senior adviser.

Bernanke is going to offer his analysis of global economic and financial issues to Citadel's investment committees. Bernanke told the New York Times that he was sensitive to the public's concerns about the "revolving door between Wall Street and Washington and chose to go to Citadel, in part, because it is not regulated by the Federal Reserve and He won't be doing lobbying of any sort."

Bernanke would be receiving an annual fee and he will not own a stake in the $25 billion hedge fund or get a bonus based on its performance. Bernanke’s arrangement with Citadel is not restricted and he might take on other consulting roles. It has been reported that he will meet the hedge fund's investors around the globe.

Last month, he launched a blog hosted by Brookings Institution. He will also remain a full-time fellow at the Brookings Institution. Bernanke said that he had been recruited by banks but he refused their offers. Bernanke did not disclose his compensation and said that he could not decide accurately how much time he expected to give to Citadel.

According to Bernanke, he did not consider himself an investor and he is planning to offer Citadel his perspective on monetary issues and other matters of public policy that will help Citadel to use as inputs into its investment decisions. Bernanke said that he was looking for an opportunity to use his ability and understanding.