Bridgewater Associates, one of the world’s biggest hedge funds, hired Yuriy Podoshev to boost its engineering team.
Podoshev, who joined Bridgewater as engineering director, previously spent almost 16 years at Goldman Sachs. In his most recent role, Podoshev was a managing director and global head of loans engineering.
During his time at Goldman Sachs, Podoshev served in a wide range of positions, including senior developer and the global head of money markets trading & sales technology. Before joining Goldman Sachs, he worked as a senior software engineer at RMS for over eight years.
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Podoshev, who will work on areas such as product development and software-related matters, has joined Bridgewater at a time when the hedge fund is coming out of a major transition. Founder Ray Dalio recently handed over control of the firm to a new generation of investors.
The 73-year-old billionaire has transferred his majority stake to the board, and also stepped down as the firm’s chief investment officer.
“The control of the company now sits with our operating board. There is nothing left to do about Ray’s transition. It’s done,” Nir Bar Dea and Mark Bertolini, Bridgewater’s co-CEOs, said of the transition.
Podoshev is not the only senior Goldman staffer to leave the bank for a hedge fund. Earlier this year, Goldman’s Sid Chaturvedi joined Millennium as senior portfolio manager.
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