Sunday, July 21, 2024

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Westport’s Bridgewater Associates No. 2 Hedge Fund

Westport’s Bridgewater Associates, with $20.9 billion in assets, has been ranked the world’s second largest hedge fund, according to Institutional Investor’s Alpha magazine.

Goldman Sachs Asset Management is No. 1 with more $21 billion in assets, up 85 percent from two years ago when it ranked a lowly 28th, Alpha reported. D.E. Shaw Group was third with $19.9 billion.

Bridgewater Associates, at 1 Glending Place, has about 300 employees, with almost half that number engaged in research and trading, according to the company’s Web site.

The top 100 hedge fund firms now handle almost two-thirds of the industry’s assets—up from just over half at the end of 2003, Alpha reported.

Sixth Annual “Good Neighbor Day” Set for Friday

Westport’s Interfaith Housing Association will benefit from the sixth annual “Good Neighbor Day” Friday at Westport Wash & Wax on Post Road East.

All proceeds from the day’s sales from 8 a.m. to 6 p.m. will go to the group, which provides facilities and supportive services to the homeless.

Owners Scott Tiefenthaler and his wife Laila began the annual day six years ago when they decided to lend their support to a local organization that was making a difference.

For more information on “Good Neighbor Day,” call Heather Cavanagh, IHA community relations director, at (203) 226-3426 ext. 11, or visit www.IHAwestport.com.

If there is bad weather, Good Neighbor Day will be rescheduled to June 30.

Westporter Wins Rowing Medal

WestportNow.com Image
Westporter Else Ross (third from right), 18, a Pomfret School student,  won a silver medal in the girls’ four with coxswain division at the 2006 U.S. Rowing National Youth Championship at Harsha Lake, in Amelia, Ohio, recently. Ross and her team finished in second place with a time of 07:54:68, only 1:16 seconds behind the winner Peddie School. (CLICK TO ENLARGE) Contributed photo

Staples Club Wins State Honor

WestportNow.com Image
Four Staples High School students were recently awarded a state “2006 Challenge to Educational Citizenship Award” for their club Heart and Soul. The Westport students are (l-r) Jillian Ugol, Elizabeth Marshman, Molly Hennessy and Alie Schreiber. More than 125 schools statewide applied for this award, and only 10 schools were selected as finalists. Heart and Soul, consisting of about 20 eager students, is a volunteer club that has served more than 1,000 patients. At Norwalk Hospital, students volunteer on the maternity ward to bake cookies for patients. At Haven Health Center of Westport, volunteers arrange and hold activities for patients. (CLICK TO ENLARGE) Contributed photo

Officials Prepare Tax Bills

Westport officials are preparing tax bills, which should be in the mail by next week.

Tax Collector George Underhill said he expects the bills to go out Friday, but they could go out next week.

“They definitely will be out before July 1,” he said. “They’re ready to go. They have to be printed, and they’re at the printers now.”

The bills account for $133.9 million in taxes, including $128.4 million real estate taxes.

Wednesday, June 21, 2006


10:30 a.m. – Town Hall Room 102 – International Hospitality Committee
4 p.m. – Town Hall Room 201 – Beautification Committee
7 p.m. – Town Hall Auditorium – Conservation Commission
7:30 p.m. – Westport Public Library – Westport Library Board of Trustees
7:30 p.m. – Westport Arts Center – Artist Talk
7:45 p.m. – Town Hall Room 201 – RTM Finance/Public Works Committee