Bridgewater Responds, Calls WSJ Article "Sensationalist Mis-characterization"

Employees at the world’s largest hedge fund, Bridgewater Associates, are apparently on a path to vote between Dalio, 66, the firm’s founder and spiritual leader, and Greg Jensen, 42, co-CEO who oversees Bridgewater’s research and trading and is the heir apparent to the noncorrelated investing throne. At issue appears to be a violation of a founding principle laid down by Dalio. In a statement sent to ValueWalk late Friday afternoon, both Dalio and Jensen disputed the characterizations made in the original Wall Street Journal report and said this radical process is what drives success. [dalio] Core Bridgewater principle violated as heir apparent talk’s…