. >> bridgwater has hired john rubinstein as co-ceo. the current co-ceo is set to turn his focus on his investing role. this comes after reports of tensions. >> bridgwater has a culture of fighting things out internally, debating, having people vote on who is right. >> bridgwater has a culture of fighting things out internally, debating, having people vote on who is right. it is very weird to anyone outside of bridgewater, but inside, this is the norm. this is really about having jensen focused on investing, rather than running the company. co-ceo, that is a more administrator role at rate -- bridgewater, so this is emblematic that they want him more focused on investing. jensen is known to be a very smart man and that is what they are focusing on. rubinstein has an extensive career in technology. >> a strange fit, then. >> more and more, people are describing bridgewater as a technology company. they use quantitative strategies to make a lot of their decisions. ramy: still to come, highlights from a week full of interviews and internat

vonnie: i want to break in here ad say -- we have bridgwater hiring jon as the co-cio. -- bridgwaterhn rubinstein. does this mean luxury rentals are becoming more attractive? oshrat: we have a story out today on bloomberg. so, what new york is seeing, a large number of luxury rentals at high prices, $20,000 and above. you are saying luxury rents go down. we do have a choice of fantastic apartments. oshrat coversght, real estate and kevin maloney. and once again bridgwater is said to have hired john rubinstein as co-ceo. you can learn more about luxury real estate on bloomberg pursuits. the had to ni pursuits on bloomberg. still to come, more reaction to the ecb's moves. ♪ vonnie: it is 11 a.m. in new and hong kong.ht from bloomberg world headquarters in new york, i'm vonnie quinn in for betty liu. and i mark barton. this is the european close. and i am mark barton. this is the european close. we are going to take you from new york to london to washington. here is what we are watching. mark: the latest on how markets reacting to mario draghi. and just trudeau visits for the --ouse whi

it is very weird to anyone outside of bridgwater but within bridgwater, it is the norm. more about is having jensen focus on investing as opposed to running the company. it's more of an administrative role at edgewater and a lot of investment companies. it is emblematic that they want to focus on investing. jensen is known to be a very smart man and that is what they are focused on. rubinstein has an extensive career in technology. could describe bridgwater as a technology company. they utilize model for a lot of their investing goals. they are always adjusting these models. quantitative strategies. letter kathy burton wrote , they discuss that because technology is so important, it does make sense and so he will share the role is co-ceo. jensen will focus on being co-cio. scarlet: what does it say about the leadership? be determined.to this is part of a ten-year year succession plan they outlined five years ago. they are midway through and if it means they are pushing hands to be more cio eventually down the line, we will see that. you so much.k you can read this story

bridgwater has hired john rubinstein as co-ceo. current co-ceo is set to turn his focus on his investing role. this comes after reports of tensions. has a culture of fighting things out internally, debating, having people vote on who is right. it is very weird to anyone outside of bridgewater, but inside, this is the norm. this is really about having jensen focused on investing, rather than running the company. , that is a more administrator role at rate water , so this is emblematic that they want him more focused on investing. jensen is known to be a very smart man and that is what they are focusing on. has an extensive career in technology. >> a strange fit, then. >> more and more, people are describing bridgwater as a technology company. quantitative strategies to make a lot of their decisions. ramy: still to come, highlights from a week full of interviews and international women's day inspired us to ask what is the state of gender equality in business? ♪ ramy: welcome back to "bloomberg best." i'm ramy inocencio. welcome leade

. >> bridgwater has hired john rubinstein as co-ceo.

. >> bridgwater has hired john rubinstein as co-ceo. the current co-ceo is set to tuis

now indeed he will be joining bridgwater associates as the co-ceo. still not sure exactly what the management situation will+++ exact the same role and will help oversee management through may. we are still following these headlines to see exactly what it means for the hedge fund giant. but interesting that someone is coming in to join that firm. john rubinstein, a long-term tech executive. now turning to the stock, a lot of fluctuations today on the back of mario draghi's comments. the ecb deploying an array of different kinds of stimulus. said there time, he would likely be no more interest rate cuts. you see that stocks have been bouncing around quite a bit. investors have been trying to what will come of this in the eurozone going forward. you will see this bouncing around i've been talking about and now these fluctuations between gains and losses. you have to throw oil into the mix as well, right? we see oil prices down to the , down 2%.e session that is affecting the u.s. market if you look quickly at the imax energy shares. mark? julie, thank

let me start with the overall inspiration i take from you put that they believe that bridgwater in radicalncy and truth very our colleague erik schatzker interviewed ray dalio and we will play a bit of that. what we one is our goal is meaningful work and meaningful relationships. the relationships part is just as important as the work part. meaningful work and relationships to radical truth and radical transparency. what i mean by radical truth means we can talk about whatever weaknesses are, who is good and bring thoseand problems to the surface. and then radical transparency so everybody in the company can see all of this stuff going on so there is no spin behind it. david: professor, we knew about the 210 more or less principles and that they filed these. we heard some of these, but the thing i did not know out of your book is the process, fairly collaborative, process behind the principles. what you take us into what they do to implement these principles of radical transparency? professor: yes, i am a professor of development and i'm interested in if you wanted to create the most power

as long as i am welcome at bridgwater, and they let me play the game, i will play the game.nsition, it would take a while to figure out how it works. for youe last question appeared i'm curious to know because we talked a lot about the machine and cycles and how the economy works, what role does politics play in that? american politics is attracting an enormous amount of attention. it seems as though mr. trump is on his way to winning the republican nomination. things could change. do you have to recalibrate your models to account for things like that? i will take the first part of the question. if you go on youtube, i took 30 minutes to say how the economic chain works. erik: a great video. ray: so it is on youtube. it will explain everything i know. what happens is there is a part in the cycle where there is tension. when you get to this phase of there is tension between haves and have-nots, and also a frustration with government. the unitedpening in states is not much different than what is happening in spain and what is happening in many countries, that there is a frustr