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Bridgewater Associates is a large (~400 employees, $36 billion assets) hedge fund that tries to avoid hierarchy: http://www.bwater.com/home/philosophy.aspx htt
by byrneseyeview 19y ago
Bridgewater Associates is a large (~400 employees, $36 billion assets) hedge fund that tries to avoid hierarchy:
http://www.bwater.com/home/philosophy.aspx http://www.bwater.com/home/philosophy.aspx
"Conflict in the pursuit of excellence is a terrific thing and is strongly encouraged, in fact demanded. There should be no (or as little as possible) hierarchy. Certainly there are organizational "superior-subordinate" relationships; however, every "subordinate" is encouraged to argue with his or her "superior" if he or she thinks they know the better way, and every "superior" is required to encourage this."
- nostrademons 19y agoI've got a friend that works for Bridgewater, and it's amazing the extent they go to foster this independent culture. My friend can be kinda abrasive at times - not really arrogant, but more an "I'm right, damnit, and I'm going to be pedantic about it" personality. His first assignment was copy-editing some client reports. He came back with a long list of grammatical mistakes in the report, along with a lesson on proper grammar, for the fund manager. The fund manager said, "This is excellent - keep up the good work," and made sure my friend got his hands on all the reports going out...
- byrneseyeview 19y agoThat's excellent! How long has your friend been there (one issue with Bridgewater is that I have met many people who worked there, and very few who worked there for more than a year -- I think it's pretty jarring for most people).
- nostrademons 19y agoHe graduated in 06 and started there soon after, so about a year and a half so far. I think he really likes it...started out in reporting and I believe he's now on the investment associate track, so obviously he's hoping to settle in there. (He's also a foreigner though, and Bridgewater is sponsoring his visa, so I don't think he could jump ship if he wanted to...)
- deleted 19y ago[deleted]