Bridgewater, the largest hedge fund in the world, has appointed two new CEOs. Nir Bar Dea, who is being promoted from his current role as deputy chief executive of Bridgewater, and Mark Bertolini, a member of the board of Bridgewater.
Bar Dea, 40, has been with Bridgewater since 2015; he has been deputy CEO since February 2021. Bar Dea once served as a major in Israeli Defense Forces and has been the primary strategist for Bridgewater’s pandemic policies and planning. Bertolini, 65, has been on the board of Bridgewater since 2019. From 2010 through 2018, he was CEO of Aetna, the American insurance company.
The pair will lead Bridgewater instead of David McCormick who recently announced his intention to run for U.S. Senate.
Bridgewater has some 1,500 people on staff and manages pensions, sovereign wealth funds, and other big investors in the amount of nearly $150 billion.