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Clients Hail Bridgewater Ownership Change

(Pension & Investments) Bridgewater Associates LP’s move to a partnership structure is a welcome development, said asset owners, investment consultants and industry pundits. Bridgewater, based in Westport, Conn., wrote of the ownership shift to its 300 clients in a June 28 letter from the firm’s co-CEOs David McCormick and Eileen Murray, which was obtained by Pensions & Investments.

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