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As the Fed has shifted toward tapering and a slowing in the flood of liquidity has begun to get priced in, we are seeing cracks emerge in the bubbliest segments of the market.

Sian Beilock is an External Director on Bridgewater’s Board of Directors. She joined the Board as an External Director in July 2021. Sian is the 19th President of Dartmouth, and Professor of Psychological and Brain Sciences. She is the first woman to have been elected president in Dartmouth’s 255-year history. A distinguished cognitive scientist, Sian is one of the world’s foremost experts on performance under pressure. She is a member of the American Academy of Arts & Sciences, one of the highest honors in her field, and received the 2017 Troland Award from the National Academy of Sciences.

Margo Cook is an External Director on Bridgewater's Board of Directors. Margo joined the Board as an external director in July 2021 and served as Co-Chair from June 2023 to December 2025. Margo brings more than 35 years of executive leadership, operating experience and innovative thinking as an investor, CIO and business leader in the asset management industry. Margo was the President of Nuveen Advisory Services, responsible for over $1 trillion in assets in 24 countries. Prior to leading the integration of TIAA and Nuveen’s asset management businesses, Margo served as Co-President of Nuveen Investments. Prior to Nuveen, Margo led the institutional asset management business at Bear Stearns Asset Management and appointed CIO of the institutional business at BNY Mellon. Before becoming CIO, Margo served as the Head of Fixed Income, managing assets for institutions for several years.

The new Rising Fellows Program will be a three-week virtual experience with a focus on connecting with students from backgrounds underrepresented in the industry.

The Bridgewater community recently hosted Dr. Peter Singer, co-founder of The Life You Can Save, for a discussion on effective altruism and how donors can consider whether how they give is making the most positive change possible.

As a part of our Corporate Social Responsibility efforts, Bridgewater is committed to minimizing the environmental impact of our operations. Read more about our goals and the steps we are taking to reach them.

The company’s Operating Board of Directors was announced in an email to employees.

Today Bridgewater announced that CEO David McCormick has stepped down after 12 years at the firm, including nearly five successful years as CEO. In succession, the Operating Board of Directors named two co-CEOs: current Deputy CEO Nir Bar Dea and current Co-Chair of the Operating Board Mark Bertolini.