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Biggest Hedge Fund Set to Get $22 Million From Connecticut

By Tony Seruga

The world’s biggest hedge fund, Bridgewater Associates, is poised to receive $22 million in financial aid from Connecticut in an effort to keep it from moving its headquarters out of the state.

The financial commitment to Bridgewater, the $150 billion fund founded by the billionaire Ray Dalio, is occurring as Connecticut is fighting to keep companies from leaving the state after a tax increase last year. In January,General Electric announced it would move its Fairfield, Conn., headquarters to Boston after 41 years…

Biggest Hedge Fund Set to Get $22 Million From Connecticut

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