Department of the Treasury

Hedge Fund Manager Quits Race for TARP Role 

The Treasury Department saw yet another candidate drop out of the race to fill top positions. Hedge fund manager Frank Brosens has withdrawn his name from consideration for a leading position to head the Treasury’s Troubled Asset Relief Program, sources told the Wall Street Journal. Co-founder of Taconic Capital Advisors, Brosens campaigned for President Barack Obama and is a major donor to the Democratic Party.