Bridgewater names Christopher Palazzolo head of Europe, global sustainable investment partnerships
Christopher Palazzolo joined Bridgewater Associates as head of Europe and global sustainable investment partnerships.
Mr. Palazzolo shared news of his new position on his LinkedIn profile.
It is understood that Mr. Palazzolo joined the world’s biggest hedge fund, with $138 billion in assets under management, on Feb. 27.
Further details about the position were not available.
Mr. Palazzolo most recently was head of responsible investing at AQR Capital Management, a role he left at the end of 2021. An AQR spokeswoman declined to comment. AQR had $100 billion in assets under management as of June 30.
Bridgewater is undergoing an overhaul, according to Bloomberg. Founder Ray Dalio handed over the reins at the hedge fund less than six months ago. Now, co-CEO Nir Bar Dea, alongside his leadership team, is working to boost returns, increase profitability and create new revenue streams.
The firm is capping its flagship funds in terms of size, is injecting more money and human capital into AI and machine learning, is expanding in Asia and in equities, and is also increasing its focus on sustainability. Bloomberg also reported that the firm is embarking on a reorganization over the coming weeks, cutting 100 jobs in the process.
