A longtime exec at Bridgewater, the world's largest hedge fund, is reportedly stepping down
Hollis Johnson
From the Journal:
"He was part of the management team that interacted with some of the hedge fund's most important clients, which include public pension funds and other deep pools of money."
Shah didn't immediately respond to an email seeking comment.
Shah is the latest high-level employee set to leave. Earlier this year, Bridgewater announced a shakeup on the executive team which included promoting David McCormick to co-CEO, the fifth such CEO since the beginning of last year.
Earlier this year, head of trading Jose Marques was scheduled to step down, Business Insider reported. Jeff Wecker, a former senior manager, also recently left and moved to Goldman Sachs.
Bridgewater manages about $160 billion in assets, and was founded by billionaire Ray Dalio.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- From terrace to table: 8 Edible plants you can grow in your home
- India fourth largest military spender globally in 2023: SIPRI report
- New study forecasts high chance of record-breaking heat and humidity in India in the coming months
- Gold plunges ₹1,450 to ₹72,200, silver prices dive by ₹2,300
- Strong domestic demand supporting India's growth: Morgan Stanley