© 2024 Connecticut Public

FCC Public Inspection Files:
WEDH · WEDN · WEDW · WEDY · WNPR
WPKT · WRLI-FM · WEDW-FM · Public Files Contact
ATSC 3.0 FAQ
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Hedge Fund Bridgewater in Westport Reportedly Slowing Down on Hiring

RufusNunus/Wikipedia
/
Creative Commons
An aerial view of the Bridgewater Associates corporate campus in Westport, Connecticut

The world’s biggest hedge fund, Westport-based Bridgewater Associates, appears to be cutting back on hiring.

The New York Times reports that the firm was known for hiring hundreds every year, but the newspaper cited anonymous sources who say that in recent weeks dozens of interviews have been canceled.

In the last two years, two of Bridgewater's funds have lost money for investors.

At the moment, there does not appear to be any talk of layoffs. The firm employs 1,500 people.

Connecticut has given Bridgewater $22 million in financial aid in an effort to keep the firm from moving its headquarters out of the state.

Bridgewater had no comment on the Times' article.

Anthem-Cigna Merger Ethics  

A public comment period related to the proposed merger between Anthem and Bloomfield-based Cigna is coming to a close.

At issue is whether the state's insurance commissioner, Katharine Wade, should have recused herself from overseeing the merger.

Wade is a former vice president of Cigna, and her husband is currently an attorney there.

A Department of Insurance spokesperson said Wade sought guidance from state ethics officials throughout the process.

Comments are being accepted on the Office of State Ethics' website through Wednesday.

An earlier version of this report incorrectly characterized the nature of losses for two of Bridgewater's funds.

Mark is a former All Things Considered host and former senior editor with WSHU.

Stand up for civility

This news story is funded in large part by Connecticut Public’s Members — listeners, viewers, and readers like you who value fact-based journalism and trustworthy information.

We hope their support inspires you to donate so that we can continue telling stories that inform, educate, and inspire you and your neighbors. As a community-supported public media service, Connecticut Public has relied on donor support for more than 50 years.

Your donation today will allow us to continue this work on your behalf. Give today at any amount and join the 50,000 members who are building a better—and more civil—Connecticut to live, work, and play.

Related Content