Key Takeaways From Bridgewater’s Revamp
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Bridgewater Associates is embarking on a major overhaul to boost returns, increase profitability and develop new sources of revenue, five months after founder Ray Dalio handed control of the $138 billion firm to a management team led by Chief Executive Officer Nir Bar Dea.
The world’s largest hedge fund firm said on Wednesday that it plans to cap the size of its signature hedge fund, expand in Asia and equities and cut nearly 8% of its workforce, among other moves.