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Bridgewater Associates

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finance1 year ago

Bridgewater and State Street Launch 'All Weather' ETF for Retail Investors

Bridgewater Associates is partnering with State Street Global Advisors to launch the SPDR Bridgewater All Weather ETF, bringing Ray Dalio's All Weather risk-parity strategy to the ETF market. This move reflects a trend of hedge funds entering the $14 trillion ETF market, known for its trading ease and lower fees. The strategy focuses on diversifying across various assets to manage volatility, though interest in such strategies has waned recently due to underperformance compared to the S&P 500. The fund's fees and tickers are yet to be announced.

via Yahoo Finance|
#all-weather-strategy#bridgewater-associates#etf
financeeconomics1 year ago

"Fed's Rate-Cut Plans Off Track, Bridgewater's Bob Prince Warns"

Bob Prince, co-chief investment officer of Bridgewater Associates, believes the Federal Reserve is "off track" with its plans to cut interest rates, stating that there's no reason to move out of cash into longer-term bonds due to the small risk premium. He suggests that the only reason to cut rates at current levels of economic growth and persistent inflation is if there was a big productivity boost. His comments add to the view that expectations for monetary easing this year have moved ahead too quickly, with views split across the market. The US inflation report today could offer direction on how the Fed may proceed.

via Yahoo Finance|
#bridgewater-associates#federal-reserve#financeeconomics
financeinvesting1 year ago

"Ray Dalio's Contrarian Bet: Investing in China Despite the Storm"

Ray Dalio, founder of Bridgewater Associates, defended his decision to continue investing in China, citing the importance of understanding the world and diversification. Despite acknowledging major challenges facing China's economy, including depressed prices, wealth gap, and conflict with the U.S., Dalio believes these are manageable and sees potential for growth. He emphasized that the time to invest is when the market is cheap and when there are signs of economic leadership taking action. Dalio's bullishness on China has drawn criticism in the past, but he remains committed to the market.

via CNBC|
#bridgewater-associates#china#economic-challenges
finance1 year ago

"Nir Bar Dea Navigates Bridgewater's Turbulent Journey Post-Ray Dalio"

After Ray Dalio stepped down as CEO of Bridgewater Associates, Nir Bar Dea took over the world's largest hedge fund, facing the challenge of revitalizing a once-profitable flagship fund that had fallen behind competitors. Bar Dea implemented changes including downsizing, cost-cutting, and restructuring the firm's culture in an effort to address investor concerns and improve performance.

via Bloomberg|
#bridgewater-associates#finance#hedge-fund
business2 years ago

Inside Bridgewater: Rumors of Listening Devices, Crying Employees, and Filthy Poems Revealed in New Book

According to a new book titled "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend," some employees at investment-management firm Bridgewater Associates resorted to taking personal calls in the woods to avoid potential surveillance by the company. The book alleges that Bridgewater had extensive surveillance measures in place, including cameras, keystroke tracking, and hidden recording devices. The rumor that the company was considering installing listening devices in the trees put an end to this practice. Bridgewater has denied the claims made in the book, calling them false and stating that the book presents a slanted and inaccurate picture of the company.

via Business Insider|
#book#bridgewater-associates#business
business2 years ago

Unveiling the Controversial Ray Dalio: A Tell-All Book Exposes His Leadership Style

A new biography titled "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend" by Rob Copeland paints a damning picture of billionaire Ray Dalio and his hedge fund, Bridgewater Associates. The book alleges that Dalio fostered a toxic workplace culture, with claims of sexual harassment being swept under the rug, arbitrary firings, and a climate of paranoia. Dalio's attorneys attempted to block the book's publication, but it has already been acquired by Amazon Studios. The biography also reveals Dalio's gigantic ego, his obsession with radical transparency, the involvement of former FBI Director James Comey, and instances of alleged harassment towards women at the firm.

via The Daily Beast|
#biography#bridgewater-associates#business
business2 years ago

"Allegations of Workplace Harassment: Ray Dalio's Disturbing Treatment of Pregnant Employee"

Ray Dalio, founder of Bridgewater Associates, interrogated his pregnant protégé, Katina Stefanova, in front of top executives until she cried. Dalio berated her, calling her an "idiot" and a "dumb shit," while Stefanova defended herself, explaining that she was doing her best. The incident was recorded and added to Bridgewater's Transparency Library, where it was played for employees and job candidates. This incident reflects a pattern of Dalio's agitated behavior and unforgiving attitude towards even the lowest-level tasks at the firm. The article is an excerpt from the book "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend" by Rob Copeland. A spokesperson for Dalio dismissed the book as tabloid material, filled with distorted stories and made-up dialogue.

via Business Insider|
#bridgewater-associates#business#hedge-fund
finance2 years ago

Inside the Profit-Making Strategies of the World's Largest Hedge Fund

Bridgewater Associates, the world's largest hedge fund, has long kept its investment tactics a secret. While founder Ray Dalio claimed to have cracked the "holy grail" of investing, the firm's descriptions of its investment approach remained vague. However, investigations by Wall Street figures and financial analysts revealed that Bridgewater's success largely relied on Mr. Dalio's personal decision-making rather than a sophisticated system or artificial intelligence. The firm's investment staff had limited involvement, and only a small group known as the "Circle of Trust" had access to the inner workings. Bridgewater also sought information advantages by cultivating relationships with government officials to gain insights into their economic interventions. Despite its size, Bridgewater's performance has lagged in recent years, but its marketing prowess and mystique have helped it maintain its status as the largest hedge fund.

via The New York Times|
#bridgewater-associates#finance#hedge-fund
finance2 years ago

"Bridgewater CIOs: Market Enters Second Stage of Tightening"

Bridgewater Associates' co-chief investment officers believe that the market has entered the second stage of tightening, where changes in economic conditions are not the primary drivers of changes in yields and asset prices. They argue that the upward adjustment in bond yields is justified due to factors such as moderately high inflation, strong wage growth, and robust labor market conditions. They expect this new stage to result in grinding pressure on growth and for the equity market to become less competitive compared to bonds. However, they note that a substantial and sustained rise in productivity, particularly through breakthroughs in AI and large language models, could potentially restore risk premiums in equities relative to bonds.

via MarketWatch|
#bond-yields#bridgewater-associates#equity-market
finance2 years ago

Succession Clash Spurs Billionaire Ray Dalio's Push for Hedge Fund Return

Ray Dalio, the founder of Bridgewater Associates, the world's largest hedge fund, is threatening to return to the firm less than a year after retiring. Under the terms of his retirement contract, Dalio has the option to retake control of Bridgewater if its financial performance declines. Instead of running the firm, Dalio has proposed starting a new fund within Bridgewater to improve investment returns. However, some top staff and board members have expressed concerns that Dalio may use the proposed fund as a way to regain control. Bridgewater's main fund has been on a downward slide since Dalio's retirement.

via The New York Times|
#bridgewater-associates#finance#hedge-fund
finance2 years ago

Ray Dalio's Pure Alpha Fund Takes Bearish Stance Amid Market Pullback

Ray Dalio's Pure Alpha fund at Bridgewater Associates reportedly took a bearish stance on U.S. equities in late July, just as the S&P 500 index reached its recent high. The fund's analysis showed bearish positioning in 15 out of 28 assets, including U.S. stocks and Treasuries. Since then, the S&P 500 has dropped 3.8%, leading to retreats in investment vehicles like SPY, IVV, and VOO. Meanwhile, U.S. Treasury yields have climbed, with the 2-Year and 10-Year yields reaching highs not seen since October 2022.

via Seeking Alpha|
#bearish-stance#bridgewater-associates#finance
finance2 years ago

"Bridgewater's Flagship Fund Takes Bearish Stance as US Stock Rally Fizzles"

Bridgewater Associates' flagship fund, Pure Alpha, had a bearish view on US stocks and Treasuries in late July, just as the rally in the benchmark S&P 500 was about to lose steam. The hedge fund, founded by Ray Dalio, was moderately bearish on US stocks and bonds, and had bearish positioning in 15 out of 28 assets analyzed, including the US dollar, metals, and global equities. The fund's top two bullish bets were on the euro and the Singapore dollar. Bridgewater's Pure Alpha 12% volatility fund gained 2.5% so far this year, while the Defensive Alpha fund rose 2.1%.

via Reuters|
#bearish-view#bridgewater-associates#finance
finance2 years ago

"Bridgewater's A.I. Bull Warns of Hopeless Path for Chatbot Stock Picks"

Greg Jensen, co-chief information officer at Bridgewater Associates, the world's largest hedge fund, warns against using large language models (LLMs) like ChatGPT to pick stocks, calling it a "hopeless path" and "awful" at pinpointing major turning points in the macroeconomic environment. However, he believes there is a place for A.I. in wealth management and Bridgewater is utilizing machine learning in a more complex approach, combining large language models with statistical models to create an artificial reasoner. Jensen acknowledges that A.I. will change the roles of investment associates and emphasizes the importance of being curious about new technologies in the future of work.

via Fortune|
#ai#bridgewater-associates#finance
finance2 years ago

Warren Buffett shifts investments, buys into Capital One and sells stakes in other banks.

Warren Buffett's Berkshire Hathaway sold $1.4 billion of its remaining holdings in Bank of New York Mellon and US Bancorp, while buying new stock in Capital One and increasing its holding in Ally Financial. Buffett has been cautious about holding many bank stocks, but Bank of America remains one of Berkshire's largest holdings. Bridgewater Associates, the world's biggest hedge fund, also sold about $180 million in bank stocks, including more than 80% of its holdings in Bank of New York Mellon and US Bancorp.

via Yahoo Finance|
#bank-of-america#bank-stocks#bridgewater-associates
finance2 years ago

Druckenmiller's Views on Recession, A.I., and Gold

Stanley Druckenmiller, chairman and CEO of Duquesne Family Office LLC, owns gold and silver but doesn't have a lot of conviction behind the safe-haven investment. He sees potential for an economic hard landing in the US and expects further turmoil in the banking sector. On the other hand, Karen Karniol-Tambour, co-CIO at Bridgewater Associates, is bullish on gold, saying it's underrated and has a long way to run. She believes gold should do well as the global push to deleverage away from the US dollar remains a long-term support. The Sohn Conference has raised more than $700,000 for pediatric cancer research and the MSK Kids.

via Kitco NEWS|
#bridgewater-associates#finance#gold