Greenspan to advise Ridgewood investment firm
Alan Greenspan, the former chairman of the Federal Reserve, will serve as a consultant and economic advisor to a Ridgewood investment management company, the company said Friday.
Greenspan, who runs his own consulting company in Washington, will offer analysis on economic issues to Advisors Capital Management, and will speak at conferences that the company holds for clients, according to Charles Lieberman, the company’s co-founder and chief investment officer. Greenspan also will be a member of the firm’s investment committee, although he will not be a portfolio manger.
Lieberman said he looks forward to working “with one of the towering members of the economics profession.”
“He has served our profession and our nation with distinction,” Lieberman said.
Lieberman first met Greenspan while working as an economist at a New York investment bank. Lieberman also served as an economist for the Federal Reserve, but did not work with Greenspan there.
Lieberman, who founded Advisors Capital Management in 1998, said he first thought of asking Greenspan to speak at one of the company’s conferences, and then thought, “Why not go further and extend our relationship with him?”
Greenspan was appointed in 1987 by President Reagan as chairman of the board of governors of the Federal Reserve, and served under four presidents. His last term ended in 2006. He now runs Greenspan Associates in Washington.
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