Bridgewater Associates named two new co-chief executives to head the world’s largest hedge fund on Monday, after CEO David McCormick told staff he would be stepping down to consider running for the U.S. Senate in Pennsylvania.
Bridgewater elevated to co-CEO deputy chief executive Nir Bar Dea, 40 years old, along with former Aetna Chief Executive Mark Bertolini, 65, who has been a member of Bridgewater’s board for three years, according to a memo to Bridgewater employees that was released publicly.