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Bridgewater’s co-CEO Eileen Murray leaving global’s greatest hedge fund

Eileen Murray, co-chief government officer of Bridgewater Pals LP, speaks all the way through the Bloomberg Industry of Equality convention in New York, U.S., on Tuesday, Would possibly eight, 2018.

Mark Kauzlarich | Bloomberg | Getty Pictures

Bridgewater’s co-CEO Eileen Murray is leaving the arena’s greatest hedge fund, a press free up from the corporate on Tuesday mentioned.

She is going to step down on the finish of the primary quarter to pursue “the following bankruptcy in her occupation,” the discharge mentioned. Present co-CEO David McCormick, who has held the location 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 all the way through a transitional time, which noticed founder Ray Dalio step apart as CEO.

Whilst at Bridgewater, Murray headed partnerships with BNY Mellon and Northern Agree with, oversaw Bridgewater’s long-term actual property success technique and began the company’s Variety and Inclusion Council, amongst different issues.

Murray is without doubt one of the senior-most girls within the hedge fund business. Sooner than becoming a member of Bridgewater she held management positions at each Morgan Stanley and Credit score Suisse all the way through her greater than two-decade Wall Boulevard occupation.

“I need to help you know that when a lot considerate deliberation, I’ve determined that on the finish of Q1 2020 to take a smash and imagine what is going to come subsequent for me,” Murray wrote in a be aware to colleagues. “That is my herbal subsequent step now as a result of I’ve accomplished my main targets and am searching for new demanding situations and alternatives. Nonetheless, it’s with blended emotions that I am leaving as a result of I really like such a lot of of the folk at Bridgewater.”

Murray didn’t say the place she is headed subsequent. In Would possibly, The Wall Boulevard Magazine reported that Murray was once approached to fill the then-open CEO place at Wells Fargo. On October 21 Charles Scharf was CEO of the financial institution.

– CNBC’s Maggie Fitzgerald contributed reporting.

Eileen Murray, co-chief government officer of Bridgewater Pals LP, speaks all the way through the Bloomberg Industry of Equality convention in New York, U.S., on Tuesday, Would possibly eight, 2018.

Mark Kauzlarich | Bloomberg | Getty Pictures

Bridgewater’s co-CEO Eileen Murray is leaving the arena’s greatest hedge fund, a press free up from the corporate on Tuesday mentioned.

She is going to step down on the finish of the primary quarter to pursue “the following bankruptcy in her occupation,” the discharge mentioned. Present co-CEO David McCormick, who has held the location 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 all the way through a transitional time, which noticed founder Ray Dalio step apart as CEO.

Whilst at Bridgewater, Murray headed partnerships with BNY Mellon and Northern Agree with, oversaw Bridgewater’s long-term actual property success technique and began the company’s Variety and Inclusion Council, amongst different issues.

Murray is without doubt one of the senior-most girls within the hedge fund business. Sooner than becoming a member of Bridgewater she held management positions at each Morgan Stanley and Credit score Suisse all the way through her greater than two-decade Wall Boulevard occupation.

“I need to help you know that when a lot considerate deliberation, I’ve determined that on the finish of Q1 2020 to take a smash and imagine what is going to come subsequent for me,” Murray wrote in a be aware to colleagues. “That is my herbal subsequent step now as a result of I’ve accomplished my main targets and am searching for new demanding situations and alternatives. Nonetheless, it’s with blended emotions that I am leaving as a result of I really like such a lot of of the folk at Bridgewater.”

Murray didn’t say the place she is headed subsequent. In Would possibly, The Wall Boulevard Magazine reported that Murray was once approached to fill the then-open CEO place at Wells Fargo. On October 21 Charles Scharf was CEO of the financial institution.

– CNBC’s Maggie Fitzgerald contributed reporting.

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