Bridgewater Associates announced the next phase of its leadership transition with the departure of Co-CEO Eileen Murray, who will be pursuing the next chapter of her career at the end of March 2020, according to an announcement from the world’s largest hedge fund firm.
David McCormick will now serve as the firm’s sole CEO as Founder Ray Dalio remains co-CIO and co-chairman of the $160 billion firm.
Murray joined Bridgewater a decade ago after holding senior leadership roles at Morgan Stanley and Credit Suisse, including serving on both . . .
Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available.