Bridgewater to launch new fund
Bridgewater Associates told its investors that it will launch a new hedge fund this year, and had sold another minority equity stake in the firm to an unidentified buyer to help ensure its long-term viability.
Bridgewater Systems, the global leader in intelligent broadband controls, today announced that it has entered into a definitive agreement to be acquired by Amdocs Limited through a plan of arrangement for C$8.20 per share in cash, valuing the Company at approximately C$211 million.