From Time Magazine:

Nir Bar Dea becomes CEO of Bridgewater Associates aiming to reshape the company. A past romantic relationship causes conflicts. Bar Dea allegedly shows favoritism, age, and sex discrimination in the handling of employee promotions. Complaints raise concerns about management changes. Bridgewater’s unique culture fosters close ties among employees as part of its Principles. The company’s handling of workplace relationships and executive changes has led to concerns of favoritism and discrimination. The previous relationship of CEO Bar Dea and former colleague Erin Miles is at the center of controversies during corporate shake-ups. Nir Bar Dea’s rise marked the biggest change at Bridgewater since Ray Dalio relinquished control in 2022. Performance improvements are a must-win battle for Bar Dea due to the poor performance of Pure Alpha II fund in recent years. Bridgewater aims to cap the amount of money in its hedge funds and has strategies beyond that, managing over $124 billion. A book has also caused controversies about the company’s dysfunction under Dalio and the practices of Bar Dea. Bridgewater faces challenges in reshaping the company and improving performance as its CEO seeks to make changes amidst internal controversies and scrutiny.



Read more: CEO of Ray Dalio’s Bridgwater has tough first year after office romance complaint