Bridgewater Associates

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]

  • June 6, 2014: Sign contract
  • June 9, 2014: First day on the job
  • June 19, 2014: Receive July Metro North pass in mail (paid with pre-tax dollars)
  • August 1, 2014: Approached on the way to the men’s room and asked how the struggle between your upper level you and your lower level you are coming; have no idea WTF this means
  • September 22, 2014: Overhear Ray talking to a lieutenant about a healthcare PM being one part Socrates, one part armadillo…scratch head
  • November 10, 2014: November 10, 2014: Confess to co-worker that it’s been months since you started and you still feel like you were just dropped onto a new planet with no instruction manual…are told this is normal
  • December 6, 2015: Acclimate to corporate culture

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For the most part, 2013 was not kind to Steve Cohen. The Feds put his balls in a jar and put that jar on Preet Bharara’s desk. One of his ex-employees went to trial for (and was later found guilty of) masterminding the “most lucrative insider trading scheme ever.” Other former traders helped bring the number of SAC alums indicted on securities fraud charges to nine. His genius idea to give out free hot dogs on the front lawn of SAC HQ failed to prevent a number of departures. He lost his biggest fan. For a lot of hedge fund managers, all of this would add up to moping around the office and turning in less than stellar work. For Steve Cohen, it meant turning up the Styx and getting down to business. Read more »

Lovestruck George Soros Is Back On Top

Just in time for Valentine’s Day comes the romantic story that the the 83 year-old hedge fund manager made a ton of money in 2013, and about 80%* it before his September 21st nuptials and can therefore keep to himself,** should this marriage should end in a similar manner to his first two. Read more »

Ray Dalio > Louis Bacon > PTJ > Andy Hall

January’s numbers are in and they are… not great. Especially for Andrew Hall of Phibro fame, who, if he is in fact God, is proving the almighty rather fallible. Read more »

  • 30 Oct 2013 at 3:01 PM

Caption Contest Wednesday: Vintage Ray Dalio


A young Ray Dalio, from a photo he included in a presentation he gave at Harvard Business School several years back. [Bridgewater]

Wrestling With Realities At Bridgewater HQ

Ray Dalio’s new All Weather models have proven rather vulnerable to the summer heat. Read more »