Ray Dalio’s Bridgewater Associates has hired a Bank of America executive to be a client adviser.
The Wall Street Journal reported that Michael Terry was most recently the head of global capital introduction at Bank of America, where he was responsible for introducing potential investors to hedge funds. Terry previously held a similar post at Morgan Stanley.
Terry’s past experience includes co-founding financial consulting firm Oakpoint Advisors and helping to raise capital for the now-defunct hedge fund firm FrontPoint Partners.
The world’s largest hedge fund firm with $144 billion in assets, Connecticut-based Bridgewater’s investors consist of mostly pensions.