Realignment at Bridgewater, Dalio Steps Down from co-CEO Role
The world’s biggest hedge fund, Bridgewater Associates, L.P., is experiencing a shakeup in management. The hedge fund professes radical transparency and operates on a partnership model versus a single-executive model. Bridgewater utilizes co-CEOs and co-CIOs to reduce key man risk, while broadening responsibilities. First, Jon Rubinstein, a former Apple executive and one of the creators of the famous iPod, is exiting the hedge fund after serving as co-CEO for 10 months. Rubinstein will stay on as an advisor after his leave. During his tenure at Bridgewater, Rubinstein implemented a number of technological changes.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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