Ray Dalio’s Bridgewater firm prepares for layoffs
Ray Dalio’s Bridgewater Associates, the world’s largest hedge fund, is feeling a little bloated. The Westport, Conn., fund, which manages roughly $150 billion in assets, is looking to do a firm-wide “renovation” of its 1,700-person workforce, it said in a letter sent to clients on Thursday. The letter was signed by six executives — three...
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