Tuesday, August 23, 2016

The Bridgewater worker who filed a sexual-harassment claim has withdrawn it and left for KKR



An employee of Bridgewater buddies who filed a sexual-harassment complaint towards his supervisor has withdrawn the declare and commenced a brand new process at non-public-fairness company KKR.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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