Ex-Apple Exec Joining World’s Largest Hedgefund

March 28, 2016 Ryan James In the News

HP executives Jon Rubinstein & Todd Bradley presenting WebOS phones in 2011. Photo by: 'GlobalX'

HP executives Jon Rubinstein & Todd Bradley presenting WebOS phones in 2011. Photo by: ‘GlobalX’

Bridgewater Associates, the managers of the world’s largest hedge fund, announced that it is taking on board former Apple Inc, executive Jon Rubinstein to be its co-chief executive.

Rubinstein, who was involved in the development of the iconic Apple products the iMac and the iPod, will be joining Bridgewater in May, 2016 along with Eileen Murray as co-CEOs. Bridgewater was launched by Ray Dalio, and now manages about $154 billion.

The hire is in keeping with a recent trend to hire technically oriented executives by financial firms in order to take advantage of their computer engineering skills which are becoming ever more crucial on Wall Street.

“We needed to bring in an exceptional co-CEO with a strong tech focus to supplement the existing leadership,” Bridgewater wrote in a note to its clients. “Technology is pervasively important at Bridgewater, especially since one of our major strategic initiatives in the coming years is to continue building out the systemized decision-making that has been so successful in our investment area and to extend it to our management as well.”

Apple Inc., Bridgewater Associates, Jon Rubinstein, Ray Dalio,

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