Monday, August 20, 2012

Ray Dalio's Bridgewater Plans To Build A New $750 Million Headquarters In Stamford And Is Expected To Add 1,000 More Jobs

Billionaire hedge fund god Ray Dalio, who is considered one of the best hedge fund managers in the world, plans to build a brand new headquarters for Bridgewater Associates in Stamford, Connecticut Gov. Dannel Malloy said in a release.
The $750 million project, which will be located on the waterfront, should be good news for Wall Streeters looking for a job.
That's because Dalio has agreed to create up to 1,000 high-level jobs in the next decade in addition to Bridgewater's current headcount of 1,225 employees.

Here's the governor's release (emphasis ours).  We've also included a statement from Bridgewater on the matter.
(STAMFORD, CT) – Governor Dannel P. Malloy today announced that Bridgewater Associates, one of the world’s leading hedge funds, intends to build a state-of-the-art corporate headquarters in Stamford.  The $750 million project will be built along the waterfront in the Harbor Point development.  To fully maximize the benefits under the agreement Bridgewater will create up to 1,000 high-level jobs within 10 years and also retain its current workforce of 1,225 employees.
 

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