Bridgewater May Leave Westport For Stamford

Jul 13 2010 | 1:10pm ET

Bridgewater Associates, the world’s second-largest hedge fund, could be looking for some new office space.

The $43.6 billion firm has been based in the Connecticut town of Westport since the mid-1990s. But the Ray Dalio-led hedge fund is now considering a move from its 47,000-square-foot home 35 miles northeast of New York City, Westfair Online reports.

First on the list of potential home is apparently Stamford, 15 miles down the Merritt Parkway, closer to New York and full of available office space.

The address may change, but one thing—or 295 things—won’t: the principles by which Dalio runs the firm, issued to each employee at the firm in the form of an 83-page handbook. The rule getting the most attention is Principle 11: “Never say anything about a person you wouldn’t say to him directly. If you do, you are a slimy weasel.”

Break the no-gossip rule three times, and you can be fired.

“Bridgewater is definitely not for everyone,” Dalio wrote to Dealbreaker in May. “As explained in my principles document, I believe that truth is healthy, and that most people can get what they want if they understand what’s true and learn how to successfully deal with it.”


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.