Bridgewater Losing Another Top Exec

October 15, 2017 James Heinsman In the News

Bridgewater Associates, the world’s largest hedge fund, is saying good-bye to marketing head Parag Shah, who “recently agreed to step aside,” according to a Wall Street Journal report.

Shah has been with Bridgewater, which controls $160 billion, since 2002. He will stay on the payroll during a “period of transition.”

It is not a shock that Shah is leaving. Top leadership at Bridgewater has been in flux over the past few years, with five chief executives at the firm since early in 2016.

Bridgewater became famous on the success of its “Pure Alpha” fund, which was the most successful such fund in the history of the industry. The fund used a strategy which combined multiple uncorrelated return strategies which are leveraged to maximize returns, while simultaneously lowering risk.

Ray Dalio is the founder of Bridgewater. He published a book in September, 2017 entitled “Principles: Life and Work.”

Bridgewater Associates, Parag Shah, Ray Dalio,

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