Conn. Gov. Says Bridgewater Deal 'Up To Stamford'

Jun 26 2013 | 12:20pm ET

Connecticut Gov. Dannel Malloy said yesterday that a proposal to build a new home for the world's largest hedge fund in Stamford was for the city to make.

Malloy, a former mayor of the city, was pushed hard for a deal to move Bridgewater Associates from Westport to a new campus on the Stamford waterfront. But the proposal has generated a great deal of controversy, and little has been done to move forward on it in recent months.

But speaking in Stamford yesterday, Malloy seemed to take a step back from the project.

"What happens in Stamford is up to Stamford," Malloy said. "I'm not making any judgments. I structured the transaction to keep [Bridgewater] in the state."

Last year, Bridgewater struck a deal to build a 14-acre campus on the site of a public boatyard. In exchange, it would receive more than $100 million in tax credits and other benefits.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of