An employee of Bridgewater buddies who filed a
sexual-harassment complaint towards his supervisor has withdrawn the declare
and commenced a brand new process at non-public-fairness company KKR.
With approximately $150 billion below control, Westport,
Connecticut-based Bridgewater is the world's largest hedge fund.
Chris Tarui filed a criticism earlier this yr with a
Connecticut organization, alleging the harassment and describing Bridgewater as
a "cauldron of fear and intimidation" that stored him silent.
Tarui, who raised cash for the hedge fund, withdrew his
declare in advance this week and did no longer receive any economic
compensation from the company, a Bridgewater spokesman stated.
Bridgewater also agreed to withdraw Tarui's employment
restrictions, the spokesman delivered. commonly, Bridgewater personnel are
bound to noncompete agreements. The supervisor who is presupposed to have
stressed Tarui is still hired at the hedge fund.
nevertheless, the case has drawn scrutiny to Bridgewater's
unique subculture, which Dalio describes as radical transparency. at the fund,
employee conversations can be recorded and regarded with the aid of different
employees.
Like many companies, Bridgewater calls for employees to
conform to settle claims in non-public arbitration, keeping topics out of
public view. the general public organization submitting in Connecticut,
however, found out the info of the allegations.
Reached by using smartphone, Tarui declined to comment. His
LinkedIn page says that he started as a director at non-public-equity company
KKR this month. A KKR spokeswoman confirmed the move.
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