Greg Jensen Attempted Bridgewater Coup Because He Was Cranky, Tired, Missed Hanging Out With Ray Dalio
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Luckily, as with their little spat, Bridgewater has elaborate, Principledways of handling these kinds of things. Like taking a bit off the heir apparent’s plate and giving him some more co-CIO facetime with the founder.
Greg Jensen, 42 years old, has had talks internally about whether to hand off some or all of his responsibilities as co-CEO while remaining co-chief investment officer of the $154 billion firm alongside Mr. Dalio and his longtime partner Bob Prince, a person familiar with the matter said…“This story is getting blown out of proportion,” Mr. Dalio said in a statement Sunday. “As part of my transition process, we are constantly trying to determine the proper mix of responsibilities among our executive team. Greg is now a Co-Chief Executive Officer with Eileen Murray and a Co-Chief Investment Officer with Bob Prince and I. We need to strike the right balance between him managing the investments as a CIO and managing the business as a CEO, and we are figuring out exactly how to do that.”…
