Bridgewater Associates, LP (Westport)

Name: Bridgewater Associates, LP
Address: One Glendinning Place, Westport, CT, 06880
Telephone: 203-226-3030

Bridgewater Associates, LP is a large advisory firm based in Westport. It manages $234.86 billion of regulatory assets for 138 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Connecticut and New York.

Bridgewater Associates provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bridgewater Associates: assets under management

The assets under management (AUM) of Bridgewater Associates, LP is $234.86 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 230% since the beginning of its operation, and $120.99 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $234.86 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.7 billion each.

Bridgewater Associates has custody of $207.68 billion in cash and securities for 63 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 46% of the total AUM. The second-largest asset type is government bonds, which make up 20% of the firm’s portfolio. Investments in exchange traded securities form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bridgewater Associates, LP for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David Harold Mccormick serves?

The firm provides services to charitable organizations, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of David Harold Mccormick is pooled investment vehicles with 63 clients and $205.97 billion of assets under management. Among the 10 most similar advisory firms, Bridgewater Associates has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $219.83 billion for 103 clients. 50% of the firm’s clients are foreign persons or businesses.

Bridgewater Associates also advises several private funds. Namely, thirty seven hedge funds and one liquidity fund. The minimum investment commitment required of non-related persons ranges from $0 to $75,000,000.

Careers at Bridgewater Associates, LP

The company employs 1,534 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Harold Mccormick has been acting as President since 1 Aug 2009. Timothy John Dalby joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Raymond Thomas Dalio	Founder, chairman and co-chief investment officer	1 Jan 1975	Other	4338761
Robert Prince	Co-chief investment officer	1 Mar 1986	Other	1690745
Ellen Joy Gerstein	Chief financial officer	1 Apr 2004	Other	2213371
Gregory S Jensen	Co-chief executive officer and co-chief investment officer	1 Nov 2004	Other	2830386
Revocable Trust The Raymond T. Dalio	The trustee is raymond t. dalio	1 Jul 2006	Other	5311092
Randal Bryan Sandler	Director, client service & marketing	1 Oct 2006	Other	2554178
Esq. Helene T Glotzer	Chief compliance officer	1 Jun 2008	Other	5489051
Peter Ross Latronica	Vice president	1 Jun 2008	Other	1301611
Helene T Glotzer	Corporate counsel, chief compliance officer	1 Jun 2008	Other	5489051
Eileen Katherine Murray	Co-chief executive officer	1 Jul 2009	Other	1830917
David Harold Mccormick	President	1 Aug 2009	Other	5775228
Llc Glendinning Associates	General partner	1 Jan 2010	Other	27-1437303
Inc. Bridgewater Associates Holdings	Limited partner and sole member of the general partner	1 Jan 2010	Other	13-2871809
Lp Bridgewater Associates Intermediate Holdings	General partner & limited partner	1 Jul 2010	75% - 100%	27-2933831
James Brien Comey Jr.	General counsel	1 Jul 2011	Other	6046925
Osman Nalbantoglu	Management committee member	1 Sep 2012	Other	5406615
Kevin Matthew Campbell	Co-chief operating officer	1 Mar 2013	Other	6161196
John Kenneth Halvey	General counsel & secretary	1 Nov 2013	Other	6310030
Llc Trustco	Limited partner	1 Apr 2015	Other	30-0868243
Trustco Llc	Limited partner	1 Apr 2015	Other	30-0868243
Craig Mundie	Co-executive chairman	1 Oct 2015	Other	6628131
Olivier Henry Kohler	Chief operating officer	1 Jan 2016	Other	6626760
Nella Louise Domenici	Chief financial officer	1 Mar 2016	Other	1529016
Jonathan Jake Rubinstein	Co-chief executive officer	1 May 2016	Other	6646967
Tracey Brady Yurko	Chief legal officer & secretary	1 Jun 2017	Other	6917426
Timothy John Dalby	Chief financial officer	1 Jul 2019	Other	5888758

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Grandchildren's Trust Dalio	Shareholder - trustees are thomas m sinchak, devon dalio, francis schanne, janine racanelli and jpm trust co of del	1 Dec 1998	25% - 50%	4338850
Raymond Thomas Dalio	More than 50% voting control	1 Jan 2010	Other	4338761
(Bai) Fbo Devon Dalio Dalio Family Trust	Shareholder - trustees are thomas m sinchak, devon dalio, francis schanne, and jpm trust co of del	1 Jan 2010	25% - 50%	5747397
(Bai) Fbo Paul Dalio Dalio Family Trust	Shareholder - trustees are thomas m sinchak, devon dalio, francis schanne, and jpm trust co of del	1 Jan 2010	25% - 50%	5747542
(Bai) Fbo Matthew Dalio Dalio Family Trust	Shareholder - trustees are thomas m sinchak, devon dalio, francis schanne, and jpm trust co of del	1 Jan 2010	25% - 50%	5747545
(Bai) Fbo Mark Dalio Dalio Family Trust	Shareholder - trustees are thomas m sinchak, devon dalio, francis schanne, and jpm trust co of del	1 Jan 2010	25% - 50%	5747546
Inc Bridgewater Associates Holdings	100% owner of glendinning associates, llc (general partner of bridgewater associates, lp) and a limited partner	1 Jan 2010	75% - 100%	13-2871809
Inc Bridgewater Associates Holdings	General partner and limited partner	1 Jul 2010	75% - 100%	13-2871809
Lp Bridgewater Associates Intermediate Holdings	100% owner of trustco, llc	1 Apr 2015	75% - 100%	27-2933831

Based in Westport

The principal office where Bridgewater Associates, LP performs its advisory services is located at One Glendinning Place, Westport, CT 06880, which is also the mailing address of the firm. An additional office of the firm is in Norwalk, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-226-3030. The normal business hours are 5am - 10pm on Monday - Friday. You can find more information about the New York firm at bwater.com.