Known for hiring hundreds of people every year.
After years of rapid internal growth, the world’s biggest hedge fund appears to be slowing down.
The New York Times reports that the $154bn hedge fund, Bridgewater Associates, run by the billionaire Ray Dalio, is known for hiring hundreds of people every year. Yet it is now telling recruitment firms to cancel interviews with prospective employees, according to three people briefed on the matter.
In recent weeks, dozens of interviews were cancelled and advanced negotiations with prospective employees were cut short by the firm, those people said.
And some of the firm’s external recruiters have been told Bridgewater will not use them for the time being, said the people, who were not authorized to discuss the matter publicly. Bridgewater emphasizes secrecy in its communication with investors and the external recruiting firms, and the people requested anonymity because they did not want their relationship with the firm to be affected.
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