{"id":44692,"date":"2014-10-23T09:34:52","date_gmt":"2014-10-23T13:34:52","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=44692"},"modified":"2014-10-23T09:34:52","modified_gmt":"2014-10-23T13:34:52","slug":"billionaire-ray-dalios-hedge-fund-sues-ex-employees-over-new-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2014\/billionaire-ray-dalios-hedge-fund-sues-ex-employees-over-new-fund.html","title":{"rendered":"Billionaire Ray Dalio&#8217;s Hedge Fund Sues Ex-Employees Over New Fund"},"content":{"rendered":"<p>Forbes &#8211; Billionaire Ray Dalio\u2019s Bridgewater Associates sued two former employees for falsely advertising their new hedge fund firm by exaggerating and misrepresenting their role at Bridgewater, the world\u2019s largest hedge fund firm that manages some $160 billion.<\/p>\n<p>Bridgewater Associates sued Howard Wang and Wenquan \u201cRobert\u201d Wu in federal court in Manhattan on Tuesday, saying they tried to publicize their newly-formed hedge fund, Convoy Investments, by lying about their former roles at Bridgewater. Bridgewater claims that Wang and Wu tried to pass themselves off as \u201cformer key figures responsible for core aspects of Bridgewater\u2019s business,\u201d but \u201cthey were nothing of the sort.\u201d Bridgewater is asking a federal judge to order Wang and Wu stop misrepresenting their role at Bridgewater and pay the hedge fund firm damages.<\/p>\n<p><a href=\"http:\/\/www.forbes.com\/sites\/nathanvardi\/2014\/10\/22\/billionaire-ray-dalios-hedge-fund-sues-ex-employees-over-new-fund\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; Billionaire Ray Dalio\u2019s Bridgewater Associates sued two former employees for falsely advertising their new hedge fund firm by exaggerating and misrepresenting their role at Bridgewater, the world\u2019s largest hedge fund firm that manages some $160 billion. Bridgewater Associates [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44692","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=44692"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44692\/revisions"}],"predecessor-version":[{"id":44694,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44692\/revisions\/44694"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=44692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=44692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=44692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}