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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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President Obama Nominates Ex-Bridgewater Employee to Head FBI

Jun 23, 2013
Jing Chen

President Barack Obama has nominated a former Bridgewater Associates employee to head the Federal Bureau of Investigation.

President Obama announced on Friday that former Bridgewater general counsel James Comey will replace Robert Mueller III, who retired after more than a decade on the post.

Comey, who left Bridgewater earlier this year and joined HSBC Holdings’ board in March, was formerly Lockheed Martin’s general counsel and No. 2 in the Bush administration’s Justice Department.

Comey is best known for his objection to an eavesdropping program by the government in 2004.

Founded by Ray Dalio, Bridgewater Associates is the world’s largest hedge fund with $144 billion in assets.

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