Bridgewater resolves harassment claim

Hedge

The world’s biggest hedge fund, Bridgewater Associates, said it had resolved a harassment claim filed against it by an employee who recently left the firm.

The New York Times reports that Christopher Tarui, 34, who worked as an adviser to several large institutional investors in Bridgewater, filed his harassment complaint in January and had been on paid leave since the beginning of the year. He took a job this week as a director with Kohlberg Kravis Roberts & Company, the large private equity firm, a move it confirmed on Wednesday.

Tarui also is dropping any claims he has against Bridgewater, and the hedge fund agreed to waive his employment restrictions, allowing him to move to his new job, a Bridgewater spokesman said on Wednesday.

Bridgewater, like many financial services firms, includes noncompete clauses in some of its employment contracts.

To access the complete New York Times article hit the link below:

Bridgewater Hedge Fund Settles Harassment Claim That Described a ‘Caldron of Fear’

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