Bridgewater Associates executive Bruce Steinberg and
his family were among 12 dead in a Costa Rica plane crash on
Steinberg was a senior researcher at the firm, the
world’s largest hedge fund.
Costa Rican authorities say strong winds or mechanical
failure are likely causes.
Bridgewater Associates senior researcher
Bruce Steinberg and his family were among 12 who died in a plane
crash in Costa Rica on Sunday.
Bridgewater founder Ray Dalio noted the loss on his Facebook
page, calling Steinberg a “wonderful man.”
“Right now, we are each processing this devastating tragedy in
our own ways,” Dalio wrote. “At this time I will be devoting my
attentions to doing this and helping others.”
Steinberg, his wife, Irene, their sons Matthew (14), William
(19), and Zachary (20), along with another American family of
four, an American tour guide, and two local pilots all died in
the crash, leaving no survivors.
The families had taken a charter flight on a Cessna 208B Grand
Caravan that crashed in a wooded area off the beach town of Punta
just minutes after takeoff, Costa Rican authorities told
Reuters. The Journal News reported flight was
en route to Costa Rica’s capital, San Jose, where the
Steinbergs had planned to celebrate the new year.
The US State Department and Costa Rican authorities are
investigating the crash.
Costa Rica’s Judicial Investigation agency deputy director
Michael Soto told the Associated Press that “No possibility can
be left out for certain,” but that the two most likely causes are
inclement weather or mechanical failure. Costa Rican authorities
told the AP that
there were strong winds during the time of the crash.
The Steinberg family lived in Scarsdale, New York, and were
philanthropists and prominent members of their local Jewish
“They were wonderful people. We need a whole world of people like
them,” Steinberg’s mother Diane
told the New York Daily News.