Coindesk Logo
MarketsMarketsMarkets
Election 2024
Election 2024
Election 2024

Bridgewater Associates CFO Leaves Dalio to Join Institutional Bitcoin Firm NYDIG

Bridgewater Associates CFO Leaves Dalio to Join Institutional Bitcoin Firm NYDIG

Bridgewater Associates CFO Leaves Dalio to Join Institutional Bitcoin Firm NYDIG

John Dalby is leaving the hedge fund founded by Ray Dalio to become CFO of NYDIG.

John Dalby is leaving the hedge fund founded by Ray Dalio to become CFO of NYDIG.

John Dalby is leaving the hedge fund founded by Ray Dalio to become CFO of NYDIG.

By Kevin Reynolds
AccessTimeIconMay 7, 2021, 11:25 AM
Updated Aug 19, 2021, 9:14 AM
Presented By Icon

Election 2024 coverage presented by

Stand with crypto

In one of the biggest personnel shifts yet to the cryptocurrency world from the mainstream financial one, NYDIG said the CFO of Bridgewater Associates, the world's largest hedge fund, has joined the bitcoin financial services firm as its new CFO.

  • Prior to joining Bridgewater, John Dalby was CFO and chief operating officer of D.E. Shaw Renewables Investments. 
  • NYDIG recently raised more than $300 million from a group of investors including Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual, Liberty Mutual, Starr Companies and FIS.
  • NYDIG has quickly climbed the ranks of institutional bitcoin firms, paving the way for Wall Street giants to enter the crypto space.
  • Bridgewater Associates, founded by hedge fund titan Ray Dalio, has been hesitant to embrace bitcoin as an asset.
  • Still, Dalio's views on digital assets have softened in recent months.
  • He's even speaking at CoinDesk's Consensus event later this month.
Read more: Bridgewater’s Ray Dalio Softens Stance on Bitcoin, Says It Has Place in Investors’ Portfolios

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about
Bridgewater AssociatesRay DalioNYDIG