A longtime exec at Bridgewater, the world's largest hedge fund, is reportedly stepping down

pulse

October 11, 2017 3:32 PM

Parag Shah often served as the firm's spokesman.

Parag Shah, a longtime executive at world's largest hedge fund Bridgewater Associates, who often served as the firm's spokesman, has stepped down, The Wall Street Journal reported.

From the Journal:

Shah didn't immediately respond to an email seeking comment.

Shah is the latest high-level employee set to leave. Earlier this year, Bridgewater announced a shakeup on the executive team which included promoting David McCormick to co-CEO, the fifth such CEO since the beginning of last year.

Earlier this year, head of trading Jose Marques was scheduled to step down, Business Insider reported. Jeff Wecker, a former senior manager, also recently left and moved to Goldman Sachs.

Bridgewater manages about $160 billion in assets, and was founded by billionaire Ray Dalio.

Read the full report over at The Journal >>

pulse