Bridgewater Associates
 |
|
| Limited partnership | |
| Industry | Hedge Fund |
| Founded | 1975 |
| Headquarters | Westport, Connecticut, U.S. |
|
Area served
|
Worldwide |
|
Key people
|
Ray Dalio (Founder, chairman, co-CIO) Bob Prince (co-CIO) Greg Jensen (co-CIO) David McCormick (president) Jon Rubinstein (co-CEO) Eileen Murray (co-CEO) |
| Products | Pure Alpha All Weather Pure Alpha Major Markets Daily Observations |
| AUM | US$150 billion (2016) |
|
Number of employees
|
1,700 |
| Website | bwater |
Bridgewater Associates is an American investment management firm founded by Ray Dalio in 1975. The firm serves institutional clients including pension funds, endowments, foundations, foreign governments and central banks.
It utilizes a global macro investing style based on economic trends, such as inflation, currency exchange rates, and U.S. gross domestic product. Bridgewater Associates began as an institutional investment advisory service, graduated to institutional investing and pioneered the risk parity investment approach in 1996.
In 1981 the company moved its headquarters from New York City to Westport, Connecticut and currently engages 1,200 employees. It embraces a corporate culture that encourages transparency and the elimination of the decision making hierarchy, and in 2011 was the "world's largest macro hedge fund" company with US$122 billion in assets under management.
The firm's history includes the pioneering of industry strategies such as: currency overlay, the separation of alpha and beta strategies, the creation of absolute return products, and risk parity. According to Financial News, the company was the fastest growing asset manager from 2000 until 2005, when it stopped accepting new accounts. Its assets under management have increased by 25% each year during the last decade with employees at eleven times their year 2000 levels. The company’s Daily Observations research is reportedly read by leaders of central banks and managers of pension funds around the world.
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Wikipedia