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They've recently hired a bunch of senior CIO type people and created a "senior fellowship program", Carsten Stendevad, the former head of the Danish pension fun
by chollida1 10y ago
They've recently hired a bunch of senior CIO type people and created a "senior fellowship program", Carsten Stendevad, the former head of the Danish pension fund ATP is the most recent hire.
Also there is no one direct person in charge anymore according to Reuters...
> Dalio is being replaced as CEO by David McCormick, president of Bridgewater for the last eight years. McCormick will serve along side co-CEO Eileen Murray.
So for those of you keeping score he's tried replacing himself with a hand picked successor, and then a computer program and now he's assembling a collective to replace himself and he's making sure there is no one person in charge of the firm.
If I wanted to resign but couldn't bear the thought of someone replacing me, this is almost exactly how I'd setup the firm for my retirement too:)
I guess the clock is running on his return based on this quote from a letter he just wrote......
> “As I love markets, I’m excited about this change and expect to remain a professional investor at Bridgewater until I die or until those running Bridgewater don’t want me anymore,” Dalio said.