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
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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