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Lockheed Exec, Former US Attorney to Join Hedge Fund

Lockheed Martin
Lockheed Martin

Lockheed Martin's General Counsel James Comey is leaving the company to join hedge fund Bridgewater Associates.

Lockheed CEO Robert Stevens addressed the departure in a company statement Wednesday.

"Jim Comey is a terrific full-spectrum leader who has brought great value to our company. While we are disappointed by his departure, we understand his desire to join another company in a key leadership position with totally different responsibilities," Stevens said.

Bridgewater, one of the world's largest hedge funds, is led by Ray Dalio and has over $70 billion under management, according to the fund's web site. A company spokesperson told CNBC Wednesday that Comey will join as a member of the management committee.

"We are excited to have Jim Comey join us. He brings great experience and integrity and will be a terrific addition to our senior management team," a Bridgewater spokesperson said.

Before joining Lockheed, Comey was deputy attorney general, and prior to that was U.S. attorney in Manhattan. Under his leadership, the U.S. Attorney's office brought such high-profile cases as Adelphia/Rigas, Worldcom, Imclone and Martha Stewart.