Bridgewater Back On Top; Comey Rejects FBI Offer

May 29, 2011 James Heinsman Hedge Fund News

According to Institutional Investor Magazine, Bridgewater Associates is back to ranking as one of the top hedge funds in the world, and surpasses even JPMorgan. On the list published this month, Bridgewater was listed as second to the UK’s Man Group.

Based in Westport, Bridgewater is one of the largest employers in Fairfield County. According to Institutional Investor, the firm has around $59 billion in assets under management. Bridgewater’s CEO Ray Dalio has also recently signed The Giving Pledge, and will donate half of his wealth to charity.

Meanwhile, Bridgewater executive James Comey has turned down a job offer with the FBI. Last week, President Obama requested that the Congress add two years to FBI Director Robert Mueller’s time, as his ten year term will end in the coming September.

“In his ten years at the FBI, Bob Mueller has set the gold standard for leading the bureau,” Obama said. “Given the ongoing threats facing the United States, as well as the leadership transitions at other agencies like the Defense Department and Central Intelligence Agency, I believe continuity and stability at the FBI is critical at this time.”

Bridgewater Associates, FBI, Hedge Fund Industry, Hedge Funds, James Comey,

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