Former Federal Reserve chairman joins ACM as economic adviser

Emily Bader//September 30, 2016//

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A former Federal Reserve chairman has joined Advisors Capital Management LLC as its new economic adviser, the firm announced Thursday.In his role, Alan Greenspan will work with the investment manager’s senior leadership and contribute to its investment committee by “providing economic analysis to support the firm’s top-down approach to selecting sectors in the economy for investment.” He will also provide economic and market valuation analysis.

“I am very excited to resume working with one of the towering members of the economics profession. He has served our profession and our nation with distinction. I am now pleased we can bring the benefit of his insight to our investment clients,” Charles Lieberman, ACM’s co-founder and chief investment officer, said in a prepared statement.

Greenspan served five terms as chairman of the Board of Governors of the Federal Reserve System from 1987 to 2006. He was appointed chairman by four different presidents.