The world’s largest hedge fund reached a settlement with its former co-CEO after she accused it of a $100 million gender pay disparity
- Date: 06-Oct-2020
- Source: Business Insider
- Sector:Financial Markets
- Country:GCC
The world’s largest hedge fund reached a settlement with its former co-CEO after she accused it of a $100 million gender pay disparity
Bridgewater Associates, the world's largest hedge fund, has settled its compensation fight with former co-CEO Eileen Murray.
A spokesperson confirmed the deal, but offered no details on the settlement size or terms.
Murray originally filed her lawsuit in July, saying the firm balked on up to $100 million in deferred pay after she disclosed her internal dispute to an industry body.
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Bridgewater Associates settled a multimillion-dollar gender pay-disparity lawsuit with its former co-CEO Eileen Murray for an undisclosed amount of money, it said Monday.
A spokesperson for the Connecticut-based hedge fund confirmed the settlement to Business Insider, saying: "We are pleased that we were able to amicably and fairly resolve the discussions around Eileen's post-employment benefits."
Murray, who helmed the $140 billion firm from 2009 to earlier