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The Chief financial officer of the world's largest hedge fund has left to join a bitcoin-focused company

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Shivangi Mujumdar Follow


May, 11 2021

May, 11 2021

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NYDIG- a major handler of investment and technology resolutions for Bitcoin on May 7, 2021, broadcast the employment of John Dalby as Chief Financial Officer (CFO). Mr Dalby is CFO of Bridgewater Allies, the world's largest hedge fund. 


A brief about Mr Dalby- 


Dalby formerly held great situations at UBS and D.E. Shaw Renewables Investments, giving him huge expertise, founded on the public statement. "The development of NYDIG has been unbelievable,” Dalby stated in the statement. Daily more industries come to appreciate Bitcoin's impending and more clients seek habits to safely access it, he further said. 


Experts said- 


Mr Dalby brings a wide-ranging range of financial services industry experience in business and capital markets, institutional banking, wealth management, asset management and renewable energy. Proceeding to link with Bridgewater, Mr Dalby was Chief Operating Officer (COO) and CFO of D.E. Shaw Renewables Investments. His part at D.E Shaw trailed a more than 20-year career at UBS where he most newly held the role of CFO of UBS Americas. 


The employment of Mr Dalby comes through a period of quick growth for NYDIG. The firm a moment ago raised more than $300 million from a group of planned partners including Stone Ridge Morgan Stanley, Holdings Group, Starr Companies, New York Life, Liberty Mutual and FIS. 


Firm strategy- 


The firm also recently proclaimed the launch of a global Insurance Solutions practice run by former Chief Executive Officer (CEO) of TransRe, Mike Sapnar, who will lead the creation of bitcoin-powered products and facilities for the global insurance industry. 


Before joining Bridgewater, John Dalby was CFO and chief functioning officer of D.E. Shaw Renewables Investments. NYDIG recently raised more than $300 million from an assembly of investors including FIS. 


NYDIG has rapidly climbed the ranks of institutional Bitcoin firms, flagging the way for Wall Street major investors to come into the crypto space. Bridgewater Connections, started by hedge fund titan Ray Dalio, has been cautious to embrace it as an asset. 



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Shivangi Mujumdar

CBW - External Analyst


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