Bridgewater Associates

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]

Cutler, an architect who trained under the legendary Louis Kahn, had meticulously prepared a presentation about the history and environment of the piece of land that Bridgewater would like to use for its new 850,000-square-foot headquarters. The boat people didn’t care. They were shouting Cutler down. Boat people? Oh, yes. Boat people…Almost all of those crammed into the auditorium were opponents of Cutler’s and Bridgewater’s plan for the property. They cheered when opponents of the plan spoke, and jeered during speeches given by city administration officials, architects and developers from a company called BLT, which supports the plan…Cutler never got to explain his design for the Bridgewater “campus.” It includes two buildings separated by an interior courtyard and surrounded by a public park. The green rooftops will make the buildings invisible from the sky. And mirrors on the walls around the courtyard will disguise the buildings, reflecting only images of nearby trees, so that until you are actually in the buildings you won’t see them. [CNBC]

After probing deep and hard, the Bridgewater machine votes to go with the developed world. Read more »

Ray Dalio does not fear the truth (2) that he’s taking a bath during this little correction. He does not feel bad about his mistakes or those of his underlings (10). He simply puts it all into perspective (163), pushes through (189), identifies the principles violated (160), does not “Monday-morning quarterback” (159) and synthesizes (205), diagnosing continuously (156). Read more »

At the end of March, Mayor Michael Pavia called an impromptu press conference to make the announcement that many in the city had long been expecting. Joined at a table by Carl Kuehner, the CEO of Building and Land Technology, Pavia proclaimed that, after months of tough negotiations, his administration and the Harbor Point developer had finally reached a deal to bring Bridgewater Associates, the world’s largest hedge fund, to Stamford…As all the parties, including a senior executive from Bridgewater, posed smilingly for photos, the deal between the mayor and Kuehner, for all purposes, seemed to be done…Yet three months later, the license agreement outlining the conditions of BLT’s use of city property for the boatyard as well as its infrastructure contributions, is yet to be finalized. Without the critical document, neither the new boatyard nor Bridgewater can move forward in the city approval process. As of last week, there was no indication of any progress in the dialogue between the two sides. The delay has spurred speculation within the city’s development community about Kuehner’s strategy, prompting questions about whether the hedge fund has changed its plans, possibly weighing a new location or perhaps staying put in Westport. “It’s curious,” said one well-informed observer. Like others, he stressed that any talk was just conjecture and that any changes to the project would likely be a closely guarded secret kept by Kuehner and Ray Dalio, the founder of Bridgewater. But he expressed bewilderment at the sudden loss of momentum for a project attached with significant economic stakes. [Stamford Advocate, earlier]