ADVERTISEMENT

ADVERTISEMENT


Stay Connected
ADVERTISEMENT


Hedge fund calls off plan for move to Stamford


WESTPORT — A Connecticut-based hedge fund says it is calling off a plan to build a $750 million corporate headquarters in Stamford.

Bridgewater Associates says it made the decision after considering the “challenges, time, energy, and resources” that would be involved in completing the project.

Two years ago Gov. Dannel P. Malloy announced that the state would provide up to $115 million in state aid to support the company’s plan to build the new headquarters and create up to 1,000 jobs.

The Westport-based company said in its statement Friday that it is thankful to the governor for his support but it is now exploring other options.

Bridgewater manages about $150 billion in investments worldwide for a variety of clients, including pension funds, university endowments, charities, foreign governments and central banks.



Back to State
Top Stories of the Week

UPDATE: Wallingford police ID man found dead on lawn …
WALLINGFORD — Police are investigating the death of a man whose body was found on the lawn of a condominium complex Sunday. Tyler Gianakos, 25, … more ...

Wallingford woman is taking on multiple sclerosis, obstacle races …
WALLINGFORD – At 5’2” weighing 100 pounds, 21-year-old Jordan Brint shatters stereotypes of multiple sclerosis patients by lifting twice her body weight at the squat … more ...

Wallingford tech company receives NASA contract …
WALLINGFORD — A local technology company was chosen to receive a multi-year contract with NASA to provide solutions for mass storage devices. Regan Technologies Corp., … more ...

Connecticut man killed in Vermont snowmobile accident …
WHEELOCK, Vt. (AP) — State police say a Connecticut man has been killed after his snowmobile went off a trail and collided with a metal … more ...

Meriden man accused of running drug ring arrested on unrelated …
MERIDEN — A city man charged in February with operating a prescription drug buying ring in Wallingford was arrested over the weekend on several unrelated … more ...

Latest Comments