World’s largest hedge fund gets handout from Conn.

HARTFORD, Conn. (AP) — A commission approved a $22 million loan and grant package on Friday to help the world's largest hedge fund upgrade and expand its offices despite questions about whether the deal makes financial sense for a state facing continued budget problems.
Democratic Gov. Dan Malloy said he wished Connecticut didn't have to compete with other states like Massachusetts, New York, New Jersey and Rhode Island by offering money to keep or attract companies, but that was today's reality. He said this agreement with Bridgewater Associates will ultimately be a good investment for the state.