Hedge Crunch FinancialBridgewater Associates
For Vanessa Selbst, Hedge Funds is Just a New Kind of Gambling
Vanessa Selbst, the world’s most successful female poker player, is making the not-so-big switch to the world of high finance as she joins mega-hedge fund manager Bridgewater Associates. Over the past 12 years Selbst has racked in a nice $11.9 million playing tournament poker. Although her new job has not been announced publicly, she did […]
Bridgewater Losing Another Top Exec
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 […]
Top Revenues for Hedge Fund Managers
Despite the fact that investor returns for hedge funds were somewhat “disappointing,” hedge fund managers did not feel the pinch. Indeed, over the last ten years the industry has encountered very bad returns with Daniel S. Loeb referring to it a “catastrophic period.” Bringing home a staggering $11 billion, the top 25 hedge fund managers […]
Connecticut Paying Bridgewater to Stay and Create Jobs
In a controversial move Connecticut is offering one of the world’s largest hedge funds, Bridgewater Associates, $22 million in exchange for the firms promise to invest $525 million in the state through job creation and facilities upgrades. The incentive is part of the Connecticut Department of Economic and Community Development’s First Five program, which is […]
Ex-Apple Exec Joining World’s Largest Hedgefund
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 […]
Bridgewater Suing Ex-Employees for Misrepresenting Previous Relationship
Two former employees of Bridgewater Associates are being sued for falsely representing the jobs they had with the world’s largest hedge fund company. Howard Wang and Wenquan ‘Robert’ Wu were sued in federal court in Manhattan last Tuesday for using lies about their former job descriptions at Bridgewater in order to promote their newly launched […]
Meditation Key to One Manager’s Success
Ray Dalio says he has been meditating twice for 20 minutes each time, for 44 years, and it has been the secret to his success. The genius behind Bridgewater Associates, and acknowledged as one of the world’s most successful hedge fund managers, Dalio was discussing his passion at the recent NYTimes Dealbook Conference. “It’s such […]