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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.
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.
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- 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
Kevin Reynolds
Kevin Reynolds was the editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
