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Komfie Manalo, Opalesque Asia:

The state of Connecticut has committed $22m to Bridgewater Associates, one of the world’s largest hedge funds, in return for jobs and other investment opportunities. The commitment was made as Bridgewater is expected to invest around $525m to the state through jobs creation and facilities improvement, said NBC Connecticut.

Catherine Harris, the Commissioner of the Connecticut Department of Economic and Community Development (DECD), said, "I still think that if we look at this from a taxpayer perspective and I view myself as a fiduciary of their dollars, that they’re going to get a great return on this investment."

The DECD has entered into a First Five Program with Bridgewater with the aim of encouraging and spurring investment in Connecticut among major employers.

The $22m deal includes a $17m loan carrying low interest, $3m renewable energy sources and another $2m for training purposes.

For its part, the hedge fund is expected to retain around 1,402 currently employed at the Bridgewater's Westport headquarters and must also create an additional 750 jobs by 2021. Harris added, "They are absolutely well-paying jobs, well above your average in Connecticut, believe me."

Bridgewater gains license in China

Two weeks ago, the $154bn Bridgewater became the ......................

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