17 Facts About Bridgewater Associates

1.

Bridgewater Associates is an American investment management firm founded by Ray Dalio in 1975.

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2.

Bridgewater Associates began as an institutional investment advisory service, graduated to institutional investing, and pioneered the risk parity investment approach in 1996.

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3.

Bridgewater Associates was founded by Ray Dalio in 1975 from an office in his Manhattan apartment.

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4.

Bridgewater Associates developed several "innovative investment strategies" during the 1990s such as inflation-indexed bonds, currency overlay, emerging market debt, global bonds and "super-long duration bonds".

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5.

Bridgewater Associates launched its All Weather hedge fund and pioneered the risk parity approach to portfolio management in 1996.

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6.

Bridgewater Associates could become eligible for as much as $30 million in urban tax credits.

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7.

In September 2017, Bridgewater Associates announced plans to launch an investment fund in China with Chinese government's approval.

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8.

In 2020, Bridgewater Associates reported hefty losses due to COVID-19 related market volatility, with the flagship pure Alpha II fund losing 18.

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9.

In June 2018, Bridgewater Associates was granted permission to develop and market domestic investment products to qualified investors in mainland China.

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10.

In October 2018, Bridgewater Associates launched its first Chinese investment product, 'Bridgewater Associates All Weather China Private Fund Number 1.

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11.

Bridgewater Associates is reported to be one of the few hedge fund managers that hire its analysts and employees right out of college and from the annual pool of graduates from elite universities.

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12.

Bridgewater Associates has three co-CIO's ; Dalio, Bob Prince and Greg Jensen .

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13.

In 2016, Bridgewater Associates had removed Greg Jensen as co-CEO and hired Jon Rubinstein instead.

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14.

In December 2019, Bridgewater Associates announced that Eileen Murray plans to step down as co-chief executive in March 2020, making David McCormick the sole CEO.

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15.

Bridgewater Associates says that any employee can respectfully say anything to anyone in the firm, but they must be prepared to be challenged in return.

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16.

The New York Times reported that "several former employees recalled one video that Bridgewater Associates showed to new employees that was of a confrontation several years ago between top executives including Mr Dalio and a woman who was a manager at the time, who breaks down crying".

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17.

In 2018, Wharton Professor Adam Grant published a podcast featuring a manager at Bridgewater Associates who was ranked last in terms of performance following a meeting to illustrate how radical transparency works at the firm.

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