Bridgewater Associates

Ray Dalio Likes The Cut Of Janet Yellen’s Jib

You're doin' great, baby!Some people say that the Fed is the problem. That they’ve become drunk with their own power and are messing things up for everyone. That the stimulus and low interest rates are setting us up for Armageddon.

Ray Dalio is not one of those people. He’s put the Fed’s efforts through a rigorous, Principle-d examination, and come to the obvious, radically true conclusion: Janet Yellen & co. are doing just fine. Read more »

Bridgewater Part III Coming Soon

Radical openness.Earlier this year, Ray Dalio got a little sidetracked by his dream headquarters, a magical forest on the beautiful Stamford waterfront where employees would be free to pursue radical truth and its concomitant profits, once they’d settled in and passed the test, anyway. Alas, that slice of Eden will not see the light of day. But the firm’s third hedge fund, two years in the making, will. Read more »

ray dalioAnyone who claims otherwise just hasn’t biologically adapted yet. Read more »

ray-dalioBridgewater Associates sued Howard Wang and Wenquan “Robert” Wu in federal court in Manhattan on Tuesday, saying they tried to publicize their newly-formed hedge fund, Convoy Investments, by lying about their former roles at Bridgewater. Bridgewater claims that Wang and Wu tried to pass themselves off as “former key figures responsible for core aspects of Bridgewater’s business,” but “they were nothing of the sort.” Bridgewater is asking a federal judge to order Wang and Wu stop misrepresenting their role at Bridgewater and pay the hedge fund firm damages…Bridgewater says that Wang joined Bridgewater in 2008 as an entry-level junior analyst in the client services department that is responsible for managing the hedge fund’s relationships with clients. Wang left in 2012 and Bridgewater says he told the hedge fund “that he intended to pursue ballroom dancing ‘full time as a competitor.’” Wu joined Bridgewater’s internal finance department in 2007 as a software developer, coding software that calculated Bridgewater’s fees. Wu was later transferred to the core tech department at the hedge fund and dealt with discrete coding projects until he left the hedge fund firm in 2010, telling Bridgewater that he was unemployed and traveling, the hedge fund claims. [Forbes]

If there are people out there who don’t enjoy being broken down emotionally by their coworkers as a means of ultimately emerging stronger, he hasn’t heard of them. Well, okay, he’s heard of some but they quickly adjust to the Bridgwater way of doing things after a short 18 months. Read more »

Ray Dalio Apostles Give Up The Ghost

Howard Wang and Robert Wu are ready to face the kind of radical truth that Bridgewater alums are brought up to face: If their new hedge fund, Convoy Investments, is going to post the kind of gains that make it look more like a mutual fund than old Ray in his glory days, they’ll just have to charge clients as though they were a mutual fund. By which they mean: a management fee several times that charged by the average mutual fund, but no performance fee. Oh, and some feel-good pro bono work. Sign up now (especially if you’re not a charitable organization or one of the 100% of U.S. public pensions that are underwater)! Read more »

  • 04 Aug 2014 at 1:29 PM

A Lot Of People Owe Ray Dalio An Apology

Last Friday was the Bridgwater founder’s birthday– did you wish him a happy or even pause to commemorate the moment he came into this world? Or did it go by unnoticed, unremarked? Start thinking now about how you’re going to do better next year. At three-days out, we’ve already missed the window for coming in with a belated phone call or text. Read more »

October 17, 2012: “In addition to a five-story, 850,000-square-foot office, the campus for Bridgewater Associates calls for a helipad, a floating recreational barge, a restored estuary and a marina…Made up of two long, curved buildings joined in the center by bridges and paths, the structure is poised to become the most striking presence on the Stamford coastline. The project’s goal, according to the coastal site plan application, is ‘to house a corporation in an environment that fosters personal interaction and a strong connection to the living world.'” June 27, 2014: “After careful examination and reflection surrounding the challenges, time, energy, and resources needed to bring the proposed Stamford project to completion, we have decided not to proceed with the move.” [AP]