A longtime exec at Bridgewater, the world's largest hedge fund, is reportedly stepping down

Parag Shah, alongtime executive at world's largest hedge fund Bridgewater Associates, who often served as the firm's spokesman, has stepped down, The Wall Street Journal reported.From the Journal:"He was part of the management team that interacted with some of the hedge funds most important clients, which include public pension funds and other deep pools of money."Shah didn't immediately respond to an email seekingcomment.Shah is the latest high-level employeeset to leave. Earlier this year, Bridgewater announced a shakeup on the executive team which included promoting David McCormick to co-CEO, the fifth such CEO since the beginning of last year.Earlier this year, head of trading Jose Marques was scheduled to step down, Business Insider reported. Jeff Wecker, a former senior manager, also recently leftand moved to Goldman Sachs.Bridgewater manages about $160 billion in assets, and was founded by billionaire Ray Dalio.Read the full report over at The Journal >>Join the conversation about this storyNOW WATCH: The head of a $55 billion fund at First Eagle points out the risks everyone else on Wall Street is missing
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