Where are they now: The many fascinating Bridgewater employees from the book on Ray Dalio ‘The Fund’

The story is not informed entirely from the C-suite’s perspective (though there’s lots of that). Rank-and-file workers, profession middle supervisors, and prominent external hires all contribute together with the company’s management.

A representative for Bridgewater stated the company did not take part in the book. The book, the company stated, “consists of many fallacies, and the general image it paints could not be even more from the real image of Bridgewater.”

Here are the locations where the lots of Bridgewater workers and experts called in the book wound up. Service Expert utilized LinkedIn profiles, public databases, Bridgewater’s site, and the book to assemble the details.

Dalio talked for many years about desiring a follower, generating prominent outdoors hires and grooming extremely concerned subordinates. However the procedure was far from smooth, and those who ended up being genuine competitors for the function needed to handle years of turbulence.

Greg Jensen was thought about the most likely to prosper Dalio, however infighting with other competitors and claims of unwanted sexual advances from subordinates nixed his opportunity, Copeland composed. He’s still a co-chief financial investment officer however no longer the co-CEO. Dalio, the book stated, composed into the company’s laws that he might never ever hold that title once again.

An attorney for Dalio stated that Jensen was not officially disallowed from ending up being CEO once again.

He has actually worked for the company considering that 1996– the only location he’s ever worked.

Eileen Murray signed up with Bridgewater after years at Morgan Stanley and a stopped working stint running a then brand-new hedge fund. She was at Bridgewater from 2009 to 2020 and consequently submitted a $100 million claim declaring gender discrimination, which was settled. She was the director of FINRA for a time and was thought about for the Wells Fargo CEO function at one point. Presently, she’s a board member at companies such as HSBC, Broadridge, and Guardian Life Insurance Coverage.

David McCormick likewise took part 2009 and satisfied Dalio while operating at the Treasury Department. A horrible joke from Dalio about McCormick’s bride-to-be, the political operator Dina Powell, at their Connecticut wedding event ruined the relationship in between McCormick and the billionaire, the book stated.

McCormick stepped down to run in the GOP Senate main in Pennsylvania in 2022, which he lost. Throughout his project, he attempted to distance himself from the company, consisting of Dalio’s love of China. He’s running once again in 2024.

Nir Bar Dea, a previous Israel Defense Forces significant and start-up creator, signed up with Bridgewater in 2015 and gradually increased through the ranks. He became its sole CEO in March.

The company’s culture has actually been the topic of chatter for more than a years in the financial-services market, and the high worker churn was evidence it wasn’t for everybody. Dalio when stated on “60 Minutes” that about 30% of workers left throughout their very first 18 months on the task. Still, some individuals gravitate to the blunt design and register for Dalio’s “Concepts.”

Katina Stefanova was thought about a favorite of Dalio’s– up until he tore into her before his management committee, decreasing her to tears. She had actually informed Dalio previously that day she was pregnant, Copeland composed.

After almost a years at Bridgewater, Stefanova established her own fund, Marto Capital, with major backers however has actually had a hard time to maintain properties amidst bad efficiency and an increased concentrate on crypto.

Paul McDowell, the book stated, seemed like the luckiest guy alive when he was employed by Dalio and led the charge in carrying out various internal score systems tailored towards the creator’s “Concepts” ideology. He left in 2019 for a task at a consultancy utilized by Bridgewater after 11 years at the company.

Bob Eichinger was an outdoors human-resources expert who worked carefully with McDowell early in his period. He gave up after Dalio tossed out a model of a worker rankings system he had actually dealt with, the book stated, though a footnote keeps in mind that Eichinger states he did not give up, however that Bridgewater stopped utilizing his services. He still does consulting in the HR world with his company, TalentTelligent.

Jen Healy was hired of Princeton University and, the book stated, was another “apparent favorite” of Dalio’s. She’s no longer at the company, according to a source near to Bridgewater, and it’s uncertain where she has actually landed.

Osman Nalbantoglu, a previous McKinsey partner who signed up with the company in 2008, now chairs the financial investment committee at Bridgewater.

Copeland’s book stated that much of the numerous workers at Bridgewater didn’t get anywhere near to the financial investment engine of the fund and rather dealt with ambiguous research study jobs or– in an Orwellian twist– merely kept an eye on each other.

A couple of, however, were totally included with the portfolio and the decision-making for where to direct the company’s 10s of billions of dollars.

Matthew Granade ended up being the primary market-intelligence officer for Steve Cohen’s Point72 following his time at Bridgewater however left the fund at the end of 2020. His LinkedIn profile states he’s a cofounder of Domino Data Laboratory, a San Francisco information platform that began in 2013.

Bob Prince was when believed to be on the list for Dalio’s seat, however after a big payment following his 50th birthday, he concentrated on his function and prevented politicking, the book stated. He’s still a co-chief financial investment officer and has actually been at Bridgewater considering that 1986.

Karen Karniol-Tambour, who the book stated spoke up in a companywide conference about Dalio attempting to consult with Russian President Vladimir Putin, is likewise a co-chief financial investment officer, beginning the function previously this year. Before that, she was the head of financial investment research study and a co-chief financial investment officer for sustainability.

Bob Elliott was pressed out after an examination into a consensual relationship he had with another worker, Copeland composed. A Bridgewater legal representative stated he was dismissed for lying about the relationship, and his termination “followed a suitable work environment examination.”

After being among the couple of inside the Bridgewater financial investment engine, Elliott operated at the pharmaceutical business Roivant and the fintech business CircleUp before beginning his own financial investment supervisor in 2022. His brand-new company, Unlimited, wishes to duplicate hedge-fund returns in an exchange-traded-fund wrapper.

Before Dalio and his company ended up being family names, Bridgewater’s skyrocketing properties, generous incomes, and blossoming public credibility made the company a preferable location for long time executives and previous federal government leaders trying to find a huge payment. Lots of discovered the truth within much various from what they believed.

James Comey invested 3 years as the company’s basic counsel, leaving the hedge fund in 2013. President Barack Obama picked him in 2013 to be the FBI director. He remained in the function up until 2017, when he was dismissed by President Donald Trump, who asked him to promise his commitment quickly before his inauguration. Comey’s examination into Hillary Clinton’s personal e-mail server, which discovered that the previous secretary of state was reckless however did not devote any criminal activity, has actually been pointed out by the previous very first girl as a factor she lost the 2016 election to Trump.

He has actually considering that composed 3 books– 2 nonfiction and one fiction– and is doing public speaking gigs.

Britt Harris was Bridgewater’s very first outdoors CEO hire. He lasted less than a year in the pressure-filled environment however has actually considering that gone back to the institutional-investing world. He was the primary financial investment officer for the Instructor Retirement System of Texas and is now the CEO of the University of Texas Financial Investment Management Co., beginning in 2017.

Julian Mack lasted less than a year on Bridgewater’s management committee after twenty years at McKinsey. He’s now a senior consultant to L Catterton, a private-equity company.

Michael Partington was another huge hire from McKinsey and supervised of recruitment. Dalio hoped he would bring the company “to the promised land”. He was fired in 2011, the book said.He has actually been a specialist for the executive-search company Spencer Stuart since.

Niko Canner lasted longer than a year and was even thought about a CEO prospect, however Dalio ultimately moved versus him. The book stated the billionaire provided Canner framed copies of his bad evaluations as a present at his send-off celebration. He’s now the creator of Incandescent, a consultancy and venture-capital store.

Jon Rubinstein was the “Podfather” at Apple, running its iPod department under Steve Jobs, whom Dalio appreciated. He signed up with Bridgewater as a co-CEO in 2016 however left the next year. He has actually belonged to Amazon’s and Robinhood’s boards.

Tom Adams went from running the language-software company Rosetta Stone to dealing with Bridgewater’s management committee. He didn’t last long and now is the chair and CEO of Pedago, an education-technology business that wishes to be the “Tesla of education.”

J. Michael Cline signed up with as vice chair in 2013, just to leave the company the next year. Cline, who established Fandango before signing up with Bridgewater, is still running his holding business, Accretive, which he utilizes to release endeavors.

Kevin Campbell was a co-chief running officer and among numerous who broke down in tears thanks to the extreme interrogations run by Dalio, the book stated. After leaving the company in 2014, Campbell ended up being the chief running officer of the health care start-up Oscar Health before taking 3 years off to volunteer. He’s now the CEO of the Atlanta software application business Syniti.

Craig Mundie ended up being the company’s executive chair after a suggestion from Costs Gates, whom Dalio had actually been familiar with through philanthropy circles. As soon as a relied on lieutenant for Gates, Mundie was at Bridgewater for less than a year. A Bridgewater legal representative stated Mundie has continually stayed a worker in some capability.

He’s now encouraging Microsoft’s management and functioning as a director for different business and nonprofits. He was likewise a part of various committees for Presidents Costs Clinton, George W. Bush, and Barack Obama.

David Ferrucci remained at Bridgewater the longest of any prominent external hire however kept his work siloed from the remainder of the company. Following his star turn as job lead for IBM’s Watson, Ferrucci encountered Bridgewater management, however he still runs the spin-out business Elemental Cognition.

Keith Alexander was a security expert who came aboard with Mundie. A four-star general who led the National Security Firm, Alexander is now an Amazon board member and has actually accepted speaking with gigs from the Saudis and Japanese.

Larry Culp was another management expert. A long time executive, fresh off a stint running the European corporation Danaher, Culp did not require to Dalio’s concepts well and was fired rapidly by the billionaire, the book stated. He is now the CEO and chair of General Electric, the very first in the business’s history to come from outside the company. His time working for Dalio is not discussed in his public bio, the book kept in mind.

Jamie Gorelick was employed as an outdoors legal counsel to examine the company’s policies concerning sexual-harassment claims. Her company– WilmerHale– discovered there was a “robust” and “diligently executed” system for handling internal disagreements. Gorelick is a partner at WilmerHale and leads its regulative and government-affairs department. She was a deputy attorney general of the United States under Clinton and represented Jared Kushner when he was abiding by anti-nepotism laws to operate in the Trump White Home.

” The Fund” likewise stated early-career and midlevel workers might be the civilian casualties of an extreme culture.

Jesse Horwitz left the company after a year and was thinking about beginning his own fund when Comey started threatening him, the book stated. Horwitz, who left of Harvard Law School and signed up with Bridgewater, might not get his own fund– Gadfly Capital– off the ground and went to work as an expert for Columbia’s endowment. He left in 2016 to begin Hubble Contacts, an e-commerce business concentrated on contact lenses. He established Agora, a direct-to-consumer consulting company, in 2021.

Samantha Holland increased through the ranks at Bridgewater before participating in an on-again, off-again relationship with Jensen. An examination into their relationship caused a secret settlement for $1 million, the book stated, and it’s uncertain what she is doing now.

Perry Poulos was examined early on in his period thanks to a close relationship with Murray, a competitor to Jensen and others seeking to prosper Dalio, Copeland composed. He’s now the primary monetary officer for Stefanova’s Marto Capital fund.

Joe Sugary Food, who was hospitalized with severe anxiety throughout his time at Bridgewater, ended up being a supervisor at HBR Consulting, and is now the worldwide head of innovation sourcing for Chain IQ, a procurement-tech business.

Tara Arnold cautioned Dalio of burnout from the business’s culture– a caution he neglected, the book stated. After almost twenty years at the hedge fund, Arnold– who now passes her married name, Lovanio– is the primary human-resources officer at MIO Partners, which deals with the pension for McKinsey partners.

Leah Guggenheimer was a “leverager”– Bridgewater talk for an executive assistant to a management-committee member– in addition to a legal representative. She’s worked as a specialist and a chief running officer considering that leaving Bridgewater and is the primary development officer for the litigation-finance company Burford Capital.

Charles Korchinski is noteworthy, the book stated, for slamming then-CEO Harris early on in his period. He’s operated at various funds considering that leaving in 2006, consisting of Larch Lane Advisors and Bonaccord Capital as a financier and business-development specialist. He’s now a director at Eaton Partners, a Connecticut fundraising event for alternative supervisors.

Kent Kuran left in a blaze of splendor, slamming Dalio and Jensen in his exit-interview notes that rapidly spread out through the company, according to the book. He went from Connecticut to Asia, working as a specialist for Tractus throughout India, Shanghai, and Singapore before going to company school at Stanford. Later, he operated in sustainable energy in Israel, Africa, and San Francisco. He’s the director of company advancement for NextEra Energy Resources.