WESTPORT, Conn. (AP) A Connecticut-based hedge fund says it is calling off a plan to build a $750 million corporate headquarters in Stamford.

Bridgewater Associates says it made the decision after considering the ``challenges, time, energy, and resources'' that would be involved in completing the project.

Two years ago Gov. Dannel P. Malloy announced that the state would provide up to $115 million in state aid to support the company's plan to build the new headquarters and create up to 1,000 jobs.

The Westport-based company said in its statement Friday that it is thankful to the governor for his support but it is now exploring other options.

Bridgewater manages about $150 billion in investments worldwide for a variety of clients, including pension funds, university endowments, charities, foreign governments and central banks.