Stockholm (HedgeNordic) – Carsten Stendevad, the former CEO of DKK 859 billion (€115.6 billion) Danish pension fund ATP, is set to join Bridgewater Associates, the largest hedge fund in the world, as part of a new “senior fellowship programme.” The programme, according to Bridgewater founder Ray Dalio, is designed to “bring highly distinguished individuals into Bridgewater for a year to explore what our culture is like and lend their expertise and insights to the organization.”

“We expect a limited number of such special people to join this programme in the future,” Mr Dalio said. Mr Stendevad left ATP in August of last year after three years at the helm and was replaced by Christian Hyldahl. According to IPE.com, ATP’s “all weather” investment strategy was inspired by the $160 billion Bridgewater and Mr Dalio, with the two organizations already working closely together for over a decade coordinating in multi-asset issues.

In a letter to shareholders, Mr Dalio also announced he was stepping down as co-CEO of Bridgewater to concentrate more fully on his role as CIO. His transition is expected to be complete April 15, with Greg Jensen also assuming the role of co-CIO. Bridgewater president David McCormick will assume the function of co-CEO alongside Eileen Murray.

 

 

 

 

 

 

 

 

 

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Glenn Leaper

Glenn W. Leaper, Associate Editor with Nordic Business Media, completed his Ph.D. in Politics and Critical theory from Royal Holloway, University of London in the summer of 2015, and is currently involved with a number of initiatives, including advising businesses and writing his first post-doctoral book. While pursuing his academic career, Glenn is also in the process of founding a Communications Consultancy. Following experience with a number of international organizations, businesses and ventures, he believes there is always a way to objectively improve the presentation, and representation, of a company or individual, and thereby increase the confidence of investors, stakeholders, employers – and voters. In an era dominated by technological innovation, he believes the human component of communication and its inherent potential should be safeguarded and revitalized. Glenn’s services span a range of activities, from writing, editing and branding to speechwriting, delivery, and tactical and strategic advice. His objective is to always provide a client with the extra push that can make the difference between success and failure. His hope, over time, is to translate such contributions to the political arena. Glenn currently resides in Vienna, Austria, having an international background spanning the UK, US, France, Spain, Belgium and Denmark. He holds an MA in English from the University of London and a BA in International Relations from Webster University.

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