U.S. Secretary of State John Kerry has hired a hedge fund manager to act as a liaison to the financial industry.
The Boston Globe reported that in the role of special representative for the Office of Commercial and Business Affairs, Scott Nathan, who was a partner and chief risk officer at Boston-based hedge fund firm Baupost Group, will be responsible for “building bridges between the State Department and the business community.”
The Office is responsible for developing business policy, advocating for foreign businesses in the United States, and helping US businesses land contracts and alliances in foreign markets.
Nathan’s departure from Baupost last month did not come as a surprise to his colleagues, who knew he had aspirations in government service. One of the most successful hedge funds in the industry, Baupost manages about $27 billion in asset.