For a full decade now, Bridgewater Associates has been writing “The Book of the Future,” not just the book it includes Create Ray Dalio’s robot This, after uniqueness, Bridgewater Associates would run as a closed system, accumulating capital as a matter of principle rather than on behalf of any living beings, which of course would have nothing to add. Until then, however, law and practice require humans to run hedge funds, and Ray Dalio is 71 and won’t be able to do so forever. This requires succession planning which, even when done according to principles, appears to be not easy, Given the number that has come and gone over the years More or Less sensation.
But what a necklace From Hypersensitivity About the failure to achieve, a Modest year It might have achieved: Once again, Bridgewater has achieved A new constitutionIn the Senate Investment Council that Dalio will preside over as a kind of dear leader – vice president.
Bridgewater is also creating an investment committee to “broaden the decision-making process” beyond Bridgewater founder Ray Dalio and chief co-investment officer Bob Prince and Greg Jensen…. The newly created Investment Committee is the latest iteration of various structures that the company has attempted over time to give the rising stars more responsibility. From a management side, Bridgewater had for a time an informal management training committee called the Politburo. On the investment side, there was the Group of Eight, which later became called G7 or G6 as the members left…. Osman Nalbantoglu, Co-Chair of the Investment Engine, will chair the investment committee. Mr Dalio will be the watershed if the Prince, Jensen, and the rest of the committee do not agree.
Who else will serve in this magic circle in the Mysterious Forest? Okay , Mayor of the city of tents He was called inside, also called The company’s highest ranking and most agonizing one.
A senior Bridgewater executive departs, Chief Operating Officer Brian Crater. Nir Bar Dia, formerly co-chair of Bridgewater’s ‘Investment Engine’, has been promoted to Executive Vice President under CEO David McCormick…. Jerry Basioco, a former Vice Chairman of Morgan Stanley and an in-house advisor to the Bridgewater Board of Directors, has been appointed Chief Financial and Strategic…. [Karen] Carniol Tambour has since returned from vacation and is a member of the Investment Committee and another new committee announced by Mr. McCormick.
And so the Game of Thrones begins again.
Mr. Bar Dia, the new Executive Vice President, has worked at Bridgewater for nearly six years and previously served in the Israeli Special Forces. Its height marks a meteoric rise. His previous job at Bridgewater Investment Engine Management was seen internally as one of Bridgewater’s most complex management jobs.
A person close to Bridgewater said it was too early to know if Mr. Bar-Dia is grooming to be the next CEO of Bridgewater and that Mr. McCormick is planning to identify several potential successors.