Bridgewater Names Bar Dea, Bertolini CEOs as McCormick Quits
- McCormick is expected to announce a bid for U.S. Senate seat
- McGavick becomes sole chairman of hedge fund’s operating board
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Bridgewater Associates named Nir Bar Dea and Mark Bertolini co-chief executive officers of the world’s biggest hedge fund, opening a new chapter at the storied firm as David McCormick steps down to pursue a career in politics.
Bar Dea, 40, a retired major in the Israeli military, joined Bridgewater six years ago and was promoted to deputy CEO in February 2021. Bertolini, 65, the former CEO of insurer Aetna Inc., has been a Bridgewater director since 2019 and most recently was co-chairman of its newly formed operating board.