WESTPORT, Connecticut., 20 December 2021 / PRNewswire / – Bridgewater Partners (“Bridgewater“), a global leader in institutional portfolio management and the world’s largest hedge fund, today announced the launch of a new Grants on the rise program to expand access to the financial services sector for first-year university students and help build a more diverse pool of future investment talent.
Bridgewater The Rising Fellows program will be a three-week virtual program and will focus on recruiting students from under-represented backgrounds in industry and from a wide range of universities, including HBCUs, as well as through from diverse recruiting partners such as Out for Undergrad (O4U), BLK Capital Management and Prep for Prep. The program is designed around several basic principles to provide students with full exposure and experience, including:
- Provide an early introduction to the finance industry
- Develop skills to help understand investment and the workings of the global economy
- Offer a practical application of lessons learned through projects guided by Bridgewater investment professionals
“As we continue to explore ways to make our industry more diverse and accessible, the Rising Fellows program will help build new relationships and start nurturing future stars in their first year of college,” said Alain bowser, co-head of the Americas region and director of diversity at Bridgewater. “By leveraging our unique network of clients in tandem with DCI-focused organizations and universities, we believe Rising Fellows will be a driving force in helping us achieve this goal. “
In addition to building relationships with Bridgewater, Rising Fellows will earn a stipend for their time in the program and have the chance to bond with Bridgewater clients, many of whom share the goal of increasing diversity in the investment industry. Graduates will be considered for future opportunities at Bridgewater, while their resumes and projects will also be packaged and shared with Bridgewater clients and alumni to access a wider range of potential roles.
“Diversity of thought, origin and identity is extremely important to the work we do, however, as an industry we often seek to address the DCI problem in the post-graduation talent pool rather than to educate students about our industry when they are just plotting. their university paths ”, declared Robyn shepherd, Head of Corporate Engagement at Bridgewater Associates. “Through our Rising Fellows program, we seek to change that by not only committing to providing participants with solid exposure to the industry early in their academic careers, but also by maintaining engagement with these emerging professionals once the program ended. “
The first Rising Fellows program will include approximately 30 students and will run from Monday February 14e at Friday March 4e. Planned activities include:
- Week 1: Provide students with an overview of the finance industry and the role Bridgewater plays within it, as well as focusing on skills such as presentation and public speaking
- Week 2: Exploration of economic theory and trends, with a focus on how they are reflected in current market cycles and their impact on investment strategies – students will also receive training in project management, research and writing
- Week 3: Focusing on final projects, in which students will apply their learnings from the program to an investment-related module that will be reviewed by Bridgewater executives
At the end of the program, fellows will continue to have a series of points of contact with Bridgewater designed to maintain their relationship with the firm and support them in the pursuit of their studies and the start of their careers. This will include invitations to a variety of Bridgewater events and lecture series. In addition, Bridgewater will host tailor-made sessions led by executives to give advice on a variety of topics, such as gaining experience in the investment industry and other career-related topics. Students will also be able to participate in Bridgewater Immersion program (whose objective is to provide an even deeper window into our company) in the second year and interview for the internship program in the junior year.
About Bridgewater Associates
Bridgewater Associates is a global leader in institutional portfolio management and the world’s largest hedge fund. Focused on understanding how the world’s markets and economies work with the deepest possible understanding of the global economy and financial markets, the company translates that understanding into expertly constructed portfolios and meaningful relationships with institutional clients. Having built a track record of success for over 45 years, Bridgewater’s excellence is rooted in its distinct culture, which brings great people together and enables them to operate in a culture of radical truth and radical transparency. In recognition of the company’s commitment to excellence, its customers and the breadth of its impact on the investment industry, Bridgewater has received over 70 industry awards over the past 10 years. , in particular rewards for innovation, performance, quality of research, customer satisfaction, and being a privileged place to work. Fortune named it the fifth largest private company in the United States.
Headquartered in Westport, Connecticut, Bridgewater manages approximately $ 150 billion in assets for the world’s largest and most sophisticated institutional investors, including public and corporate pension funds, university foundations, charitable foundations, supranational agencies, foreign governments and central banks. For more information, please visit www.bridgewater.com.
SOURCE Bridgewater Associates