Editorials from around New England
Editorials from around New England:
Helping schools is good, but not at the cost of transparency
HARTFORD, Conn. (AP) — One of the world's wealthiest couples announced Friday they are donating $100 million to support public education and new businesses in some of Connecticut's most...
New chief of staff for governor-elect faces demanding job
HARTFORD, Conn. (AP) — In his relatively brief professional life, Ryan Drajewicz has worked directly with two giants in their fields.
In politics, he worked for eight years with U.S. Sen. Chris Dodd. In business, he worked for Greenwich billionaire Ray Dalio, the founder of the world's largest hedge fund.
Now, at 39, Drajewicz is facing the biggest job of his life as the incoming chief of staff to Gov.-elect Ned Lamont.
Billionaire makes major investment in public schools
HARTFORD, Conn. (AP) — Barbara Dalio bought a better easel when her youngest son left the nest and planned to devote herself to her painting, but then she discovered a new passion: education.
"I never used the easel," said Dalio, who is married to the state's wealthiest man, billionaire hedge fund founder Ray Dalio, and has spent the past decade leading the Dalio Foundation's efforts to strengthen public education by investing millions in it.
Despite a second half in which the number of new hedge funds outnumbered those that closed, the industry had a net contraction of 50 funds globally in 2017, according to a Friday report.
Despite the reduced number of hedge funds, assets under management hit a record $3.2 trillion at year end, with volatility in the global financial markets the past several weeks playing into the hands of some that use advanced data mining and quantitative trading algorithms to spot investment opportunities.
GREENWICH — Greenwich resident Ray Dalio is known for his philanthropy and financial success as founder and head of one of the world’s largest hedge funds.
An eager audience packed Greenwich Library’s Cole Auditorium Wednesday night to hear him speak about his decision-making processes.
Dalio spoke to them about the principles that guide his actions, saying any success he’s had in his life has come from his commitment to following them.
GREENWICH — Greenwich resident Ray Dalio, founder and co-chairman of Bridgewater Associates, the world’s largest hedge fund, will speak Wednesday at Greenwich Library to promote his book “Principles: Life and Work.”
The 7 p.m. talk in the library’s Cole Auditorium is part of the library’s AuthorsLive@GreenwichLibrary series. Doors for the event will open at 6:15 p.m. and people can register online using the library’s online calendar at www.greenwichlibrary.org.
A Bridgewater Associates executive issued a strong denial of details contained in a Tuesday report by the Wall Street Journal, which cited unnamed sources who said the hedge fund paid more than $1 million to a former employee who accused him of misconduct.
Hedge fund billionaire and Greenwich resident Ray Dalio ranks as Connecticut’s biggest donor in the last 15 years, according to a philanthropic study published Tuesday.
The founder and chairman of the world’s largest hedge fund, Westport-based Bridgewater Associates, has donated more than $87 million in charitable gifts since the early 2000s, based upon information collected by The Chronicle of Philanthropy.
There was a consensus among business leaders after the election: Donald Trump is going to be very good for business. The Republicans controlled Congress and the billionaire president-elect promised to deliver on tax reform, drastically simplifying corporate and individual tax rates. Wall Street responded by going on a tear.
James Comey has at least one billionaire alpha male boss in his corner.
The ousted FBI director’s previous taskmaster, billionaire hedge fund manager Ray Dalio, more than vouched Wednesday for the pink-slipped Comey.
Connecticut’s wealthiest denizen, who is worth a reported $17 billion, tabbed his former general counsel at Westport-based Bridgewater Associates as a martyr after Comey’s unexpected firing by Donald Trump.
Greenwich music teacher wins grant, heads to Germany to help Syrian immigrants
GREENWICH — In the villages surrounding Munich, Germany, a Riverside School teacher plans to use musical instruments and song this summer to help Syrian refugees connect with their new communities.
Kate Miserocchi will spend a month in Munich, running music workshops for the children of displaced Syrians and their new German neighbors.
The Comey effect: how ex-Westport hedge fund lawyer could decide presidency
The corporate culture at the world’s largest hedge fund — where its billionaire manager, Ray Dalio, preaches “radical transparency” — isn’t for everyone.
James Comey bought in. So much so that when President Barack Obama nominated the Westport resident to be FBI director in 2013, Comey told the Senate that he would carry the same principles from Bridgewater Associates to the bureau.
Comey served as general counsel of the $150 billion fund from 2010 to 2013.
A day after the New York Times broke news of a sexual harassment and corporate retaliation complaint against Bridgewater Associates, Bridgewater founder and Greenwich resident Ray Dalio issued a statement Thursday in an attempt to refute what he described as “sensationalistic and inaccurate stories.”
Dalio posted his statement to LinkedIn, while stating he would not comment on the cases filed by Bridgewater Associates employee Christopher Tarui and by the National...