Bridgewater Associates

41°10′20″N 73°21′46″W / 41.17222°N 73.36278°W / 41.17222; -73.36278

Bridgewater Associates, LP
Company typePrivate
IndustryFinance
GenreHedge fund
Founded1975; 49 years ago (1975)[1]
FounderRay Dalio
Headquarters,
U.S.
Area served
Worldwide
Key people
Nir Bar Dea (CEO)[2]
Products
  • Pure Alpha
  • All Weather
  • Pure Alpha Major Markets
  • Daily Observations
AUMUS$125 billion (2023)[3]
Number of employees
c. 1,300 (2023)[4]
Websitebridgewater.com

Bridgewater Associates, LP (informally known as "Bridgewater")[5] is an American investment management firm founded by Ray Dalio in 1975. The firm serves institutional clients including pension funds, endowments, foundations, foreign governments, and central banks. As of 2022, Bridgewater has posted the second highest gains of any hedge fund since its inception in 1975.[6] The firm began as an institutional investment advisory service, graduated to institutional investing, and pioneered the risk parity investment approach in 1996.

In 1981, the company moved its headquarters from New York City to Westport, Connecticut, and currently employs 1,500 employees.[7]

  1. ^ Fortado, Lindsay; Wigglesworth, Robin (December 6, 2019). "Former US Ranger ready to take command at Bridgewater". Financial Times. Nikkei. Retrieved December 9, 2019.
  2. ^ "People: Our leadership". Bridgewater Associates. Retrieved February 1, 2021.
  3. ^ Mackenzie, Nell; Mandl, Carolina (August 16, 2023). "Bridgewater's flagship fund was bearish on US stocks as rally fizzled". Reuters.
  4. ^ Schatzker, Erik (March 1, 2023). "Ray Dalio is out at Bridgewater and the new CEO is cutting jobs and doubling down on A.I.: 'Evolve or die. That's what's happening here'". Fortune. Retrieved July 11, 2023.
  5. ^ "Tim Cook and Ray Dalio Among Few US Chiefs Attending China Business Summit". Bloomberg.com. March 23, 2023. Retrieved April 3, 2023.
  6. ^ Tucker, Hank. "Citadel's $16 Billion Gain in 2022 Makes Ken Griffin's Flagship the Top-Earning Hedge Fund Ever". Forbes. Retrieved August 24, 2023.
  7. ^ Goldstein, Matthew; Stevenson, Alexandra (September 8, 2018). "Bridgewater's Ray Dalio Spreads His Gospel of 'Radical Transparency'". DealBook. The New York Times. p. BU1. Retrieved September 8, 2017.