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.