Fair 62°
Tag:

Bridgewater Associates

Business
Greenwich Hedge Fund Manager Named One Of America's Richest People; 4 More In CT Make List Greenwich Hedge Fund Manager Named One Of America's Richest People; 4 More In CT Make List
Greenwich Hedge Fund Manager Named One Of America's Richest People; 4 More In CT Make List Forbes released its annual list of the nation's 400 richest Americans this week, and a Connecticut hedge fund manager ranked among the top 40. In all, five billionaires call the Nutmeg State home.  Steve Cohen, who runs Point72 Asset Management headquartered in Stamford, was ranked 39th among the richest Americans, and the richest person in Connecticut.  According to Forbes, the 68-year-old Greenwich resident is worth an estimated $21.3 billion, a massive increase from when he was worth $13.6 million in 2019.   Cohen purchased the New York Mets in 2020.  Related:…

SHARE

by Josh Lanier
Obituaries
Greenwich Resident, Fandango Founder J. Michael Cline, 64, Was Father Of 6 Greenwich Resident, Fandango Founder J. Michael Cline, 64, Was Father Of 6
Greenwich Resident, Fandango Founder J. Michael Cline, 64, Was Father Of 6 Fairfield County resident J. Michael Cline, the founder of Fandango and other startups, who died from an apparent suicide after falling from the 20th floor of a luxury hotel in Manhattan, was a father of six. Cline, age 64, a homeowner in Greenwich, died around 10:30 a.m., Tuesday, July 16, at the Kimberly Hotel on 50th Street, said the New York City Police Department. "Upon arrival, officers found an unconscious and unresponsive male with injuries indicative of a fall from an elevated position. An investigation remains ongoing," NYPD said.  Original report: Fandango Founder Fr…

SHARE

by Kathy Reakes
News
Fandango Founder From Greenwich, 64, Takes Fatal Leap From Luxury NYC Hotel: NYPD Fandango Founder From Greenwich, 64, Takes Fatal Leap From Luxury NYC Hotel: NYPD
Fandango Founder From Greenwich, 64, Takes Fatal Leap From Luxury NYC Hotel: Nypd Connecticut resident J. Michael Cline, the founder of online movie ticket sales company Fandango, has been identified as the man who took a fatal leap for a luxury hotel in New York City this week. Cline, age 64, leaped to his death from the Kimberly Hotel at 145 East 50th Street at approximately 10:20 p.m. Tuesday, July 16, a spokesperson for the NYPD said. He was found unconscious at the scene and pronounced dead at 10:30 p.m. Cline's primary address is in Palm Beach, Florida, but they also has homes in New York City and Greenwich, records show. A venture capitalist who earned his bachel…

SHARE

by Cecilia Levine
News
6 CT Billionaires Hit Forbes 400 Richest List, 5 Call Fairfield County Home 6 CT Billionaires Hit Forbes 400 Richest List, 5 Call Fairfield County Home
6 CT Billionaires Hit Forbes 400 Richest List, 5 Call Fairfield County Home As Forbes released its 2023 World's Richest 400 People, a look at the numbers shows that even the billionaires of the world are feeling the pinch of falling stocks and rising interest rates. The same goes for Connecticut where six billionaires made the list, including one who fell off last year's list only to return this year when another, Stephen Mandel Jr. of Greenwich, didn't meet the required cutoff of $2.9 billion in money.  So who are the richest in the state that can rub elbows with the high and mighty? This year's six include top-ranked from the richest in America:  No. …

SHARE

by Kathy Reakes
Real Estate
$139M Greenwich Estate, Among Nation's Most Expensive Homes, Sold To Mystery Buyer $139M Greenwich Estate, Among Nation's Most Expensive Homes, Sold To Mystery Buyer
$139M Greenwich Estate, Among Nation's Most Expensive Homes, Sold To Mystery Buyer Mum is the word when it comes to who purchased one of the nation's most expensive homes located in Fairfield County. Copper Beech Farm, the largest waterfront home in Greenwich at more than 55 acres with a mile of water frontage, sold for $138.83 million, making it the most expensive home ever sold in Connecticut, agents announced on Wednesday, Aug. 2. The estate is located at 499 Indian Field Road near Bruce Park and offers incredible views of Long Island Sound and includes a stately 13,519 square foot main house with eight bedrooms and bathrooms, walled gardens, a 75-foot swimmi…

SHARE

by Kathy Reakes
Lifestyle
Brand-New Forbes Rankings Reveal Richest CT Residents Brand-New Forbes Rankings Reveal Richest CT Residents
Brand-New Forbes Rankings Reveal Richest CT Residents The old saying the rich get richer isn't true this year according to Forbes which just came out with their top 400 wealthiest people in the country for 2022. As a group, the 400 are worth $4 trillion to $500 billion less than last year and for the first time since the Great Recession, the minimum net worth to make the list is down $200 million to $2.7 billion amid the market selloff. But of course, there are still plenty in Connecticut who made the list ranging from hedge fund owners to inherited wealth. So who are the richest people in Connecticut? Here are the top-ranked folks who made t…

SHARE

by Kathy Reakes
Lifestyle
These CT Residents Rank Highest On New Forbes Richest People List These CT Residents Rank Highest On New Forbes Richest People List
These CT Residents Rank Highest On New Forbes Richest People List A group of Connecticut businessmen and women are among the wealthiest in the country, according to the latest Forbes ranking. The global media company released the Forbes 400 of 2021, which includes several familiar faces to Connecticut residents highlighted by hedge fund mastermind Ray Dalio. Each year, Forbes runs the numbers to determine the wealthiest residents in each of the 50 states, including more than 750 candidates who were whittled down to the top 400 wealthiest Americans. According to Forbes, their reporters interviewed employees, handlers, peers, rivals, and attorneys whi…

SHARE

by Zak Failla
News
Billionaire Investor Ray Dalio Says Son Killed In Fairfield County Car Crash Billionaire Investor Ray Dalio Says Son Killed In Fairfield County Car Crash
Billionaire Investor Ray Dalio Says Son Killed In Fairfield County Car Crash Billionaire hedge fund investor Ray Dalio announced that his son was killed in a crash that happened at a shopping center in Fairfield County. The crash occurred around 3:50 p.m., Thursday, Dec. 17, at the Riverside Commons Shopping Center located at 1233 East Putnam Ave., in Greenwich when a 2016 Audi, drove over the parking strip, mounted the curb, crashed through the Verizon storefront doors, and traveled completely into the store, Greenwich Police Department Captain Mark Zuccerella said. Earlier story: Police Probe Fiery Fatal Crash At Greenwich Shopping Center The store…

SHARE

by Joe Lombardi
Lifestyle
This Fairfield County Resident Is Connecticut's Richest Person, Forbes Says This Fairfield County Resident Is Connecticut's Richest Person, Forbes Says
This Fairfield County Resident Is Connecticut's Richest Person, Forbes Says With a net worth of nearly $20 billion, Greenwich investor Ray Dalio has been named the wealthiest man in the Nutmeg State State - among the richest in the country - according to a new Forbes report. For the fifth straight year, Forbes ran the numbers to determine the wealthiest resident in each of the 50 states, with Dalio and his estimated $18.4 billion net worth tops in Connecticut According to the report, 53 billionaires and centimillionaires (with wealth of $100 million or more) made the ranks - three states had ties - with a collective net worth of $875 billion, up from…

SHARE

by Zak Failla
Politics
Here's Why Hedge Fund Mogul Ray Dalio From Fairfield County Wants To Give CT $100M Here's Why Hedge Fund Mogul Ray Dalio From Fairfield County Wants To Give CT $100M
Here's Why Hedge Fund Mogul Ray Dalio From Fairfield County Wants To Give CT $100M The Fairfield County founder of one of the world’s most successful and largest hedge funds is setting an example for other billionaires by betting on the future in the form of a $100 million donation for the state’s schools. Ray Dalio, the founder of Bridgewater Associates in Westport, announced that he will be donating $100 million, which will be matched by the state and then by other philanthropists and business magnates to benefit students. Dalio, of Greenwich, was featured in the latest episode of CBS-TV's "60 Minutes." (See video above.) "The partnership seeks to raise $300 million ove…

SHARE

by Zak Failla
Neighbors
Community Rallies Around 9-Month-Old Daughter Of Fairfield Businessman, 47 Community Rallies Around 9-Month-Old Daughter Of Fairfield Businessman, 47
Community Rallies Around 9-Month-Old Daughter Of Fairfield Businessman, 47 A GoFundMe fundraising campaign has been created for the daughter of a Fairfield County businessman who hails from the Hudson Valley who suddenly passed away last week. Edward “Ted” K. Dell’Abate, a native of Pound Ridge and founder of Phaedrus Technologies in Manhattan, died on Feb. 12 after a brief battle with cancer. He most recently worked at Bridgewater Associates in Westport, Conn. In response to his death, the fundraising campaign was started for his infant daughter, Matilda, who is 9-months old. In one weekend, more than $3,000 was raised. “Ted was overcome after a very brief battl…

SHARE

by Zak Failla
News
Death Of Hedge Fund Exec, Blast Of Snow Top The Week's News In Norwalk Death Of Hedge Fund Exec, Blast Of Snow Top The Week's News In Norwalk
Death Of Hedge Fund Exec, Blast Of Snow Top The Week's News In Norwalk FAIRFIELD COUNTY, Conn. — This past week marked the first week of 2018, and it was a busy one across Fairfield County. It began with the birth of the first babies of the year and ended with a powerful nor'easter that carried a blast of arctic air.  Here are some of the top stories of the first week of the year, as reported by Daily Voice:  Fairfield resident Lynette Wagner, 59, was struck and killed by a car as she walked to work Tuesday morning at the new Henkel corporate headquarters in Stamford. Police are investigating to determine exactly what happened when she was struck by a 2016 Dod…

SHARE

by Karen Tensa
News
Man Killed In Plane Crash With Family Was Exec At Bridgewater In Westport Man Killed In Plane Crash With Family Was Exec At Bridgewater In Westport
Man Killed In Plane Crash With Family Was Exec At Bridgewater In Westport WESTPORT, Conn. — A 50-year-old Westchester man who died in a plane crash with his family on New Year's Eve in Costa Rica was a senior executive at Bridgewater Associates, a large hedge fund based in Westport. "The Bridgewater family lost Bruce Steinberg (a senior investor at Bridgewater and a wonderful man) and his family in a plane crash in Costa Rica," Bridgewater founder Ray Dalio said on Facebook. "Right now, we are each processing this devastating tragedy in our own ways. At this time I will be devoting my attentions to doing this and helping others." Bruce Steinber…

SHARE

by Daily Voice