Bridgewater Associates is losing its Chief Investment Strategist, Rebecca Patterson, who has decided to resign from her position and leave the company. As she herself has explained, in a post published on her LinkedIn, her decision will be effective at the end of the year.
“After three years of working with incredibly talented, dedicated, and caring colleagues during unprecedented times for the global economy and markets, I have decided to explore my next chapter at the end of this year. Bridgewater Associates was an incredible experience for me, and I am so appreciative of the mentorship I’ve received and the connections I have built. After 25-plus years of researching and investing, I’ve come to realize that my strengths and passion as an investor are best aligned with more discretionary, less systematic approaches,” Patterson said.
She took the time to thank for the opportunity “to have helped build on Bridgewater’s already unparalleled research, including through our Daily Observations, to publicly share our insights with the world, and to engage with clients to shape investment solutions that address their goals”.
In addition, Patterson acknowledged the leadership of Nir Bar, Greg Jensen and Bob Prince and thanked them for their friendship.
“This has been challenging in the best possible ways – a period of personal and professional growth that I am so thankful for. And of course, I will always be grateful to Ray Dalio for convincing me to come to Bridgewater and truly challenge my thinking as an investor”, she concluded.
Patterson joined Bridgewater, the world’s largest hedge fund ($150 billion in assets), in 2020 as chief investment strategist. In addition, as a member of several of the firm’s business committees, including its executive committee, Patterson helped lead the firm’s diversity and inclusion efforts. Prior to Bridgewater, Patterson oversaw $85 billion in assets as chief investment officer at Bessemer Trust, and, prior to that, she spent her career at JP Morgan, where she spent 15 years as an analyst in the firm’s European, Singapore and U.S. offices.
