Ray Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund, is stepping down. Dalio posted a public note that he will no longer lead the Westport, Connecticut-based firm company as of April.
Connecticut has struggled for years to cut its amount of trash by increasing recycling. It turns out food waste and other organics account for the single biggest category of trash and about a third of the waste stream. Finding new ways to deal with food waste has been a slow go – but that might be changing.
(Read Jan Ellen Spiegel's story in the Connecticut Mirror on the the composting pilot here).
Even though the world's largest hedge fund, Bridgewater Associates, has decided to nix a state-backed $115 million deal to relocate to the site of Stamford's former boatyard, environmentalists and others are still concerned over the future of that 14-acre waterfront site.
Stamford activist group Save Our Boatyard celebrated this past weekend Bridgewater Associates' decision to back out of a state economic development incentive package to relocate to a 14-acre waterfront parcel in the city's South End. That property, formerly known as Brewer's Yacht Haven had served as the city's boatyard for 100 years until its owner, developer Building and Land Technology, decided to tear down the boatyard in late 2011 and not renew the operator's lease. Maureen Boylan of the activist group says they're now focused on getting a boatyard rebuilt at the site.