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You’ll never guess who Pimco just hired

April 29, 2015, 3:52 PM UTC
Bernanke, Former Fed Officials Discuss Role Of Federal Reserve In 21st Century
WASHINGTON, DC - MARCH 02: Former Fed Chairman Ben Bernanke participates in a panel discussion at the Brookings Institution March 2, 2015 in Washington, DC. The institution hosted a series of lectures and discussions as party of a program called "The Fed in the 21st century: Independence, governance, and accountability." (Photo by Chip Somodevilla/Getty Images)
Photograph by Chip Somodevilla — Getty Images

Pimco — the California-based investment company run until last year by the “Bond King” Bill Gross — has brought in former Fed Chairman Ben Bernanke as a senior adviser.

Bernanke joins Pimco at a critical time for the company, notes The Wall Street Journal. It has suffered massive outflows from its funds since parting ways with Gross.

This isn’t the only investment firm Bernanke has teamed up with; news broke earlier this month that he is also a senior adviser to hedge fund Citadel LLC.

For more details on what to expect from Bernanke’s role at Pimco, head to the Journa’s website.