Jon Rubinstein Named Co-CEO of World’s Biggest Hedge Fund, Fired 10 Months Later

Mary Childs, reporting for The Financial Times 10 months ago:

Bridgewater has chosen former Apple executive Jon Rubinstein as the new co-chief executive of the world’s biggest hedge fund, replacing Greg Jensen as part of a 10-year handover from founder Ray Dalio.

Mr Rubinstein, who also sits on the boards of Amazon.com and Qualcomm, is expected to join Bridgewater in May and to share the co-CEO role with Eileen Murray.

Now:

Bridgewater Associates co-CEO Jon Rubinstein is stepping down and transitioning to an external advisory role in April after 10 months on the job, the firm told clients in a note Wednesday.

“While over the last ten months Jon has helped build a plan to re-design our core technology platform and has brought in a group of extremely talented executives to build out our technology leadership, we mutually agree that he is not a cultural fit for Bridgewater,” Bridgewater founder, chairman, and co-CIO Ray Dalio wrote in the note.

★ Wednesday, 15 March 2017