Bridgewater launches new hedge fund unit

EFC – In the latest hiring roundup, Bridgewater is recruiting quants, Freddie Mac is adding displaced traders and Deutsche Bank is quietly hiring in New York.

The world’s largest and most secretive hedge fund is building a new unit to help create more sophisticated trading algorithms. Ray Dalio’s Bridgewater Associates is creating an artificial intelligence group that will consist of around a half a dozen staffers to start.

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