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Ray Dalio's Bridgewater to Hire Jon Rubinstein as Co-CEO

  • Greg Jensen to focus on investing role, firm tells clients
  • Rubinstein to join firm in May; helped invent the iPod
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Bridgewater Said to Hire Jon Rubinstein as Co-CEO

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Ray Dalio’s Bridgewater Associates hired Jon Rubinstein, one of the creators of the iPod, as co-chief executive officer, as the $154 billion firm transitions management away from its founder.

Greg Jensen, currently co-CEO and co-chief investment officer, will drop his administrative duties and focus on his investing role, according to a letter the firm sent to clients. Rubinstein, who worked closely with Steve Jobs for almost 16 years, is often referred to as the Podfather for his role in creating Apple Inc.’s music player. Rubinstein, 59, joins Bridgewater in May.