Bridgewater Fired Forex Research Chief Over Office Romance
- Veteran executive Bob Elliott, female colleague were ousted
- Firm known for ‘radical transparency’ deemed disclosure faulty
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Bridgewater Associates, the $160 billion investment firm headed by Ray Dalio, fired a senior manager over how an office romance was handled, according to people with knowledge of the matter.
Bridgewater claimed Bob Elliott, who was head of foreign-exchange research, didn’t properly disclose the relationship, the people said. Elliott told superiors about the relationship with a female colleague and believes he was dismissed without cause, one of the people said. The woman, who was at the firm for three years and didn’t report to Elliott, also was fired.