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Westport-based Bridgewater Associates, the world’s largest hedge fund, is being reorganized into a partnership structure that will cede more control to top executives.
Ray Dalio’s Westport-based hedge fund Bridgewater Associates has made a total short bet of $22 billion against some of Europe’s major corporations.
Fairfield County-based business leaders were not concerned that the Dow Jones' 1,175-point drop on Feb. 5 was the harbinger of bad tidings.
The Westport hedge fund executive took to Twitter and declared, "A good principle is ‘Don't believe everything you read in the newspapers.'"
Eleven Westchester and Fairfield County billionaires made the cut tone on Forbes’ list of the 400 wealthiest people in the United States.
“I think the greatest issue of our time is the disparity of wealth and the problems that exist for the lower 40 percent of the population,” Dalio said.
“We’re looking to create a multiuse ecosystem that’s comparable to (Stamford’s) Harbor Point, a 24-hour live-work-play dynamic,” says Ted Ferrarone, chief operating officer at Building and Land Technology.
Simon & Schuster is also planning a second book by Dalio on economics and investing, but no publication date for that work has been announced.
According to data released by The Chronicle of Philanthropy, the couple are Connecticut’s most generous philanthropists, with $87.1 million donated to charitable groups since 2000.
Ray Dalio earned an estimated $1.4 billion in 2016, placing third on Forbes' list of the highest-earning hedge fund managers and traders.
The jobs program's participating companies have invested nearly $1.3 billion in new infrastructure and human capital.
The hedge fund has proposed building an underground parking garage and other upgrades at its Westport campus.
The Westport-based hedge fund company revokes its interest in a move to Harbor Point.