Hope Woodhouse, COO at Bridgewater Associates and a member of its management team, will leave the firm, according to a letter sent to clients by Raymond T. Dalio, Bridgewater president. Ms. Woodhouses resignation was reached with mutual understanding due to Hopes challenges of operating in the Bridgewater culture, Mr. Dalio wrote. In the letter, Mr. Dalio included a link to the firms website which describes the firms culture as challenging and being predicated on conflict. According to the letter, Giselle Wagner, managing director and Bridgewaters previous COO, is designing a transition plan for Ms. Woodhouses departure. Ms. Wagner did not return a call seeking clarification. Mr. Dalio wrote in his letter that the departments under Ms. Woodhouses oversight will continue to be managed by their existing leaders. Ms. Woodhouses plans could not be learned. Ms. Woodhouse has been COO for 2½ years.