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Hedge Fund Manager Ray Dalio Angers Displaced Boat People

ValueWalk – Hedge fund manager Ray Dalio may have to look elsewhere for his new corporate headquarters, now that he’s upset the boat people of Stamford. Ray Dalio’s company Bridgewater Associates has been looking at buying land currently owned by Brewer Yacht Haven in Stamford for its new HQ, with renowned architect James Cutler developing the plans. Cutler liked the location because it had been heavily polluted over the years and would put Bridgewater’s money to good use in addition to ultimately being an attractive spot for the business, CNBC’s John Carney reports.

The problems started when Cutler went to speak in front of the planning board to explain to people what Ray Dalio’s Bridgewater wanted to do. He expected some opposition, mostly from a group called Save Our Boatyard, but he wasn’t prepared for getting shouted down and ultimately told to leave. The audience wasn’t interested in anything he had to say, but it sounds like Butler largely brought that on himself.

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