Perhaps John Paulson, whose fund has been getting crushed this year thanks to market volatility, will have a little more insight for future economic headwinds.The hedge fund titan announced Tuesday that prominent economist Dr. Martin Feldstein will join his fund’s advisory board, Reuters reported.
Feldstein, 71, is a professor at Harvard who has been rumoured to be a candidate for the Nobel Prize in economics, the report said.
He’ll make a nice addition to Paulson’s board as he has a long list of accomplishments under his belt.
He is currently the president emeritus of the National Bureau of Economic Research, a private non-profit research organisation. He served as president and CEO of NBER from 1977-82 and 1984-2008, according to his bio.
He did stints as the chairman of the Council of Economic Advisers and President Reagan’s chief economic adviser. He also served as the president of the American Economic Association in 2004.
During the George W. Bush Administration, he was named a member of the President’s Foreign Intelligence Advisory Board. In 2009, President Barack Obama appointed him to the President’s Economic Recovery Advisory Board.
He’s a member or fellow of several societies and groups including the American Philosophical Society, the British Academy, Econometric Society, National Association of Business and Economics, Council on Foreign Relations, Trilateral Commission, the Group of 30, the American Academy of Arts and Sciences and the Council of Academic Advisors of the American Enterprise Institute.
During his career, he has written more than 300 economic research articles. He’s a frequent contributor to the Wall Street Journal.
In 1977, he received the John Bates Clark Medal of the American Economic Association, a prize awarded every two years to the economist under the age of 40 for his contribution to economic science, his bio said.
Feldstein graduated summa cum laude in from Harvard in 1961. He also studied at the University of Oxford.
We wonder how he’ll like working with the former Federal Reserve Chairman Alan Greenspan, Christopher Thornberg, an expert in the study of regional economies, and credit and debt markets expert Edward Altman, who are also on Paulson’s advisory board.
Feldstein was born and raised in New York City. He and his wife Kathleen have two daughters.