Sunday, 21 December 2014
Last updated 10 hours ago
Jul 6 2011 | 10:07am ET
Bridgewater Associates is making room for its massive new hedge fund launch.
The $100 billion firm has leased the third floor at the Wilton Woods Corporate Campus in Wilton, Conn., just four-and-a-half miles from its Westport, Conn., headquarters. Bridgewater is also in advanced negotiations to take over half of the second and third floors of the building, located at 20 Westport Road, the Fairfield County Business Journal reports.
Bridgewater’s new digs are an expansion of its office space and not a potential replacement for its Westport campus. Last year, Bridgewater was reportedly mulling a move from Westport to Stamford, Conn.—possibly into a mass of space likely to be vacated by UBS, which is rumored to be moving its investment-banking operations to Manhattan.
The hedge fund also has office space in Norwalk, Conn.
Bridgewater is currently rolling out a nearly $10 billion hedge fund, which debuted in November with $2.4 billion but which has another $7.5 billion in commitments.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.