"World's Largest Hedge Fund Bridgewater Faces Gender Wage Discrimination Allegation from Female Executive"

[Image source=AP Yonhap News]

[Asia Economy Reporter Jeong Hyunjin] It has been reported that the management of Bridgewater Associates, the world's largest hedge fund, including founder Ray Dalio, officially received a complaint from a female executive holding the highest current position regarding gender wage discrimination.

On the 10th (local time), The Wall Street Journal (WSJ), citing sources, reported that Karen Karniol-Tambour (35), an executive in the investment research division, claimed to the management including Chairman Dalio and CEO David McCormick that she was paid less than male employees with similar or lower positions.

Karniol-Tambour is one of Bridgewater's four senior investors and plays a key role, often appearing in the media to share the company's investment outlook. She is known as one of the few executives who report directly to Chairman Dalio on business matters.

Sources stated that the issue raised by Karniol-Tambour has not yet been resolved as of this week. WSJ reported that Bridgewater is reviewing the salary details of male executives based on Karniol-Tambour's complaint. Bridgewater declined to comment on Karniol-Tambour's complaint but said it regularly reviews pay equity and "confirmed that there is no noticeable gender wage gap based on the annual report as of last December."

Bridgewater is already embroiled in controversy over gender discrimination related to wages. Until early this year, Eileen Murray, who was co-CEO of Bridgewater, filed a lawsuit against the company in July after resigning in April, alleging gender discrimination and resulting wage disparity. Former CEO Murray claimed she was underpaid by $100 million, and Bridgewater has requested a Connecticut federal court judge to dismiss the lawsuit, continuing the dispute.

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