- Bridgewater Associates announced it is asking employees to work from home due to fears of the coronavirus pandemic
Bridgewater Associates, the largest hedge fund in the world (run by the billionaire investor Ray Dalio), announced it is asking employees to work from home due to fears of the coronavirus outbreak. In a statement to The New York Post, Westport, Connecticut-based Bridgewater had confirmed the precautionary steps.
“Out of an abundance of caution for the health of our employees and in an effort to do our part to lower the probability of the spread of the coronavirus, we have been actively managing which of our staff come on-site to fulfill their responsibilities,” said Bridgewater in a statement to The Post. “Over the past several years we have made the necessary investments in technology and infrastructure to provide our employees with the proper capabilities to work remotely and, as such, we can continue to operate efficiently for sustained periods of time and without any disruption to our business.”
There are a number of other major financial companies that had shut down its offices due to the spread of the virus. BlackRock disclosed that an employee caught the coronavirus and ordered employees who had close contact to that person to go into self-quarantine. A trader at Barclays also tested positive for the coronavirus last week.
Skybridge, the hedge fund led by former White House director of communications Anthony “The Mooch” Scaramucci, closed down its Midtown Manhattan office and told all 50 employees to stay at home until April 7.
A number of technology companies, universities, and schools have also shut down their offices due to the coronavirus. These companies include companies like Google, Microsoft, and Salesforce.
