Since when does a huge hedge fund need subsidies?

From Reuters: Since when does a huge hedge fund need subsidies? Ray Dalio’s Bridgewater Associates, the biggest in the world with $130 billion under management, may get up to $115 million in help from the U.S. state of Connecticut to build a new headquarters.

Dalio’s firm, which made him nearly $4 billion last year according to Absolute Return, hardly seems a needy recipient of aid. And on the surface Governor Dannel Malloy has far more pressing priorities. Connecticut recently needed a budget that cut healthcare spending for the poor and tapped funds that had been set aside for other purposes in order to help close a $200 million deficit.

Yet there are potential benefits for the Constitution State. There are already 1,225 highly remunerated Bridgewater employees paying income tax. And as the largest and most successful hedge fund in the world in recent years, Dalio’s firm stands to become a lot larger….

Read all about it at http://in.reuters.com/article/2012/08/16/idINL2E8JG49020120816