Bridgewater Associates founder Ray Dalio is in the process of a “gradual” management transition that has yielded results, with the firm announcing today that Jon Rubinstein was joining as co-CEO of the world’s largest hedge fund. The announcement is significant not only for the recent dust-up involving Bridgewater co-CEO Greg Jensen, 42, who Rubinstein replaces, but also due to Rubinstein’s technology, not finance, background.
Jensen to focus on role as Bridgewater chief investment officer
Rubinstein is expected to join Bridgewater in May and will replace Jensen at co-CEO, as he moves full time to investment management, the hedge fund said in a statement sent to ValueWalk. Rubinstein will work with current co-CEO Eileen Murray, who oversees the firm’s...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
