Eileen Murray, former co-CEO of Bridgewater Associates, has settled her suit against the hedge fund manager.
"After thoughtful discussions with Bridgewater, we have arrived at an amicable and fair agreement regarding my departure from the company," Ms. Murray said in a statement emailed to Pensions & Investments.
Ms. Murray, who announced her plans to leave Bridgewater in December, filed suit against the firm July 24 in federal court in Connecticut, accusing the firm of threatening to withhold her deferred compensation because she had publicly accused the company of gender discrimination when it came to compensation. Ms. Murray had publicly stated that Bridgewater was offering her compensation that was lower than her male colleagues at comparable levels.
According to her suit, the firm told Ms. Murray in July that her public disclosures about her dispute with the company will lead to forfeiture of her deferred compensation. She called this attempt to withhold her deferred pay from Bridgewater an "improper gambit to silence her voice" and a "cynical plan to intimidate and silence her."
"As I had said, I am proud of my time at Bridgewater and of the impact that David (McCormick) and I had as co-CEOs, helping the firm grow in a way that increased its strength and stability, including establishing an annual pay equity review, supporting people to achieve their full potential through ongoing efforts to create a diverse and inclusive work environment, while ultimately giving investors a highly differentiated path to value across market cycles," Ms. Murray said in her recent statement.
She added: "I am confident that David and Bridgewater have the platform to build on so that employees and investors can realize success for years to come."