“Realize that you have nothing to fear from the truth.” It’s right up there at the top of Bridgewater Associates founder Ray Dalio’s Principles, just after “trust in truth” and immediately preceding “have integrity,” “be radically transparent” and “don’t tolerate dishonesty.” Nowhere, not even in a lettered or sub-numbered sub-principle, do we find “make things up when convenient” or “ignore the contents of the Bridgewater Blockbuster if it does not help make your point.”
A three-arbitrator panel found on July 1 that Bridgewater had fabricated evidence, withheld evidence and disregarded its own records in pursuing its claims, according to a July 13 filing by the former employees’ attorneys. The filing in New York State Supreme Court recounted aspects of the arbitration and summarized portions of the panel’s finding…. Bridgewater brought its claims “not to prove misappropriation, but rather, to adversely affect [Messrs. Squire’s and Minicone’s] ability to conduct a competitive business,” the filing said the panel found.