News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

People

Bridgewater paid over $1m to employee pushed out after relationship with Dalio protégé

World’s largest hedge fund also heard from another female worker that top executive Greg Jensen had groped her buttocks

Bridgewater paid over $1m to employee pushed out after relationship with Dalio protégé

Bridgewater Associates paid a settlement to a woman who was pushed out after engaging in a consensual relationship with top executive Greg Jensen, and shortly after heard from another female employee that Jensen had groped her buttocks, according to people familiar with the matter, The Wall Street Journal reports.

Jensen, 43 years old, was directly mentored by Bridgewater founder Ray Dalio, 68, and groomed over two decades to succeed him as leader of the world’s largest hedge fund. At the time both incidents were brought to the company’s attention roughly three years ago, he was co-chief executive of the firm. He is now Bridgewater’s co-chief investment officer, helping oversee around $160bn in assets and hundreds of employees.

WSJ Logo