A former executive at Ray Dalio’s hedge fund firm Bridgewater Associates has died.
Bloomberg reported that Bill Mahoney, who led Bridgewater’s global sales and marketing division and became an equity partner at the firm before retiring in 2006, died of pancreatic cancer on April 30 at his home in New Canaan, Conn. He was 55.
Mahoney worked at Bridgewater from 19998 until 2006 and helped the firm increase its assets under management to $141 billion by 2005. Mahoney’s widow Alice Bartlett Mahoney told Bloomberg that her husband and his team “brought in so much business [to Bridgewater] that they couldn’t do any more sales.”
Mahoney launched private investment firm MBRO, which invests in real estate and provides start-up capital to new businesses, in 2007 after departing form Bridgewater.
Mahoney is also survived by his two teenaged daughters, Jo-Jo and Virginia.