Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at

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Bridgewater Hires Wall Street Veteran

Apr 08, 2013
Jing Chen

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.

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