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29

Hedge Fund Settlement With Labor Board on Worker Rights Stays Secret

By Tony Seruga

The resolution of an action by the National Labor Relations Board against Bridgewater Associates, the world’s biggest hedge fund, regarding the rights of employees will remain a mystery — at least to anyone outside of the firm.

Details of the final agreement are being kept confidential at the request of Bridgewater, whose founder, Ray Dalio, promotes its atypical culture and practice of “radical transparency” when it comes to airing grievances internally.

The agreement stems from an action brought by the labor board this year challenging some confidentiality provisions in the contracts that Bridgewater requires each of its more than 1,500 full-time employees to sign…

Hedge Fund Settlement With Labor Board on Worker Rights Stays Secret

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