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The largest hedge fund in the world, Bridgewater Associates LP has been approved to receive $22 million in grants from the state of Connecticut. The fund which has been founded by Ray Dalio in 1975 is an important employer in the state which has prompted authorities to put up a cash incentive for the company to remain headquartered in Westport.
According to the minutes of the state of Connecticut’s bond commission meeting, under the terms of the grant, Bridgewater Associates can receive $5 million cash and a $17 million loan. Borvided that the company expands in the cities of Westport, Wilton ... (read more)