Bear Stearns takes three from Legg Mason

Bear Stearns has hired Legg Mason's Richard DiChiaro, Dan Carney, and Robert Bourgault for its private client services unit to launch a new office in Providence, Rhode Island.

The new office opened Friday. DiChiaro and Carney are managing directors for the private client services division. Bourgault is an assistant director.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire