Bridgewater Associates, the Westport-based $100 billion hedge fund with headquarters at 1 Glendinning Place, is expanding its operations to Wilton, according to the Fairfield County Business Journal.
A call and subsequent email today to Bridgewater headquarters to confirm the reported expansion to the Wilton Woods corporate campus at 20 Westport Road went unanswered.
The newspaper said that Bridgewater, which employs about 1,200, has leased the third floor of the Wilton campus and is “said to be finalizing a lease to occupy much of the remaining two floors of the 340,000-square-foot building.” The Wilton location is just four-and-a-half miles from the company’s Westport headquarters.
The building is one of two at Wilton Woods, along with 10 Westport Road where Deloitte is a major tenant.
“Any such lease would represent a major vote of confidence in Fairfield County as a suitable home for financiers, as rumors continue of a drastic scale-back in Stamford by UBS AG,” the report said.
The Fairfield County Business Journal noted that Bridgewater is launching a $10 billion hedge fund “that ranks among the largest ever created—and which would make the Ray Dalio-led company indisputably the largest hedge fund company in the world.”
It also said that Bridgewater appears to be reinvesting in Fairfield County.
“For now, the scuttlebutt is that Bridgewater appears to be content with multiple locations between its original Westport headquarters at 1 Glendinning Place, in the town’s Nyala Farms complex, in Norwalk and now in Wilton,” the report said.
