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Ray Dalio

World's Largest Hedge Fund Plans Campus Upgrades In Westport

The world's largest hedge fund is proposing upgrades to its wooded campus in Westport, a project that brings a new set of hurdles after the collapse last year of a plan to relocate its offices to a peninsula on Long Island Sound. Bridgewater Associates, which manages some $169 billion, is proposing to overhaul its office buildings and create an underground parking garage on its headquarters at the confluence of two rivers. "This is not routine at all. This is a pretty ambitious project," said Alicia Mozian, the town's conservation director. She said the project, which involves work in a flood zone, could require the involvement of the Army Corps of Engineers, and her...