Eileen Murray, co-chief govt officer of Bridgewater Associates LP, speaks through the Bloomberg Enterprise of Equality convention in New York, U.S.
Eileen Murray, co-chief govt officer of Bridgewater Associates LP, speaks through the Bloomberg Enterprise of Equality convention in New York, U.S., on Tuesday, Could 8, 2018.
Mark Kauzlarich | Bloomberg | Getty Photos
Bridgewater’s co-CEO Eileen Murray is leaving the world’s largest hedge fund, a press release from the company on Tuesday said.
She’s going to step down on the finish of the primary quarter to pursue “the following chapter in her profession,” the discharge stated. Present co-CEO David McCormick, who has held the place since 2017, will stay as the only real CEO.
Murray has been with the $160 billion hedge fund since 2008, and has been co-CEO since 2013. She helped lead the corporate throughout a transitional time, which noticed founder Ray Dalio step apart as CEO.
Whereas at Bridgewater, Murray headed partnerships with BNY Mellon and Northern Belief, oversaw Bridgewater’s long-term actual property success technique and began the agency’s Variety and Inclusion Council, amongst different issues.
Murray is among the most senior ladies within the hedge fund trade. Earlier than becoming a member of Bridgewater she held management positions at each Morgan Stanley and Credit score Suisse throughout her greater than two-decade Wall Road profession.
“I need to let you realize that after a lot considerate deliberation, I’ve determined that on the finish of Q1 2020 to take a break and contemplate what’s going to come subsequent for me,”…