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bridgewater hedge fund lays off seven percent to maintain flexibility and growth
Bridgewater Associates, the world's largest hedge fund, is laying off seven percent of its workforce, approximately 90 employees, to maintain flexibility and make room for new talent. Despite achieving double-digit returns, including an 11.3 percent increase for its Pure Alpha macro fund, the firm aims to keep its organization agile. Led by CEO Nir Bar Dea, Bridgewater managed around $160 billion in assets as of July 2024.
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