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.