The Bridgewater Culture and “Principles” of Ray Dalio

Westport, Connecticut-based Bridgewater Associates, the largest hedge fund firm in the world, was one of the first to “embrace quantitative analysis,” according to a recent article in The New York Times that  delves into the idiosyncrasies of the Bridgewater culture—both positive and negative—on what it terms a “rigid and sometimes oppressive work environment.” The article describes the strict set of rules, or “Principles,” created by CEO Ray Dalio , which include “advising employees not to tolerate badness;” “to look for people who sparkle;” and to “be willing to ‘shoot the people you love.’ ” Employees (numbering 1,500) are quizzed and […]

Bridgewater Has Strong Showing in 2016

Ray Dalio’s Bridgewater Associates earned almost  $5 billion for its clients last year according to a report by hedge-fund investor LCH Investments NV, versus losses suffered by rivals George Soros and John Paulson. This according to a recent Bloomberg article. In fact, the article points out, Bridgewater was the “most lucrative, in absolute terms, of the top-20 hedge funds ranked, and bucked the trend of a generally disappointing year for the industry.” In the report, LCH chairman Rick Sopher writes, “Even the managers with the greatest long-term records did not perform strongly and their results were no better than the […]