Bridgewater Associates
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| Bridgewater Associates | |
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| Type of Company | Private |
|---|---|
| Founded | 1975 |
| Headquarters | Westport, CT |
| Key people | Ray Dalio, Founder and President |
| Industry | global investment management |
| Employees | about 350 |
| Website | www.bwater.com |
Bridgewater Associates is a global investment manager, or hedge fund, and manages over $160 billion in assets. Approximately $21 billion is invested in the firm's hedge fund product, Pure Alpha, making the firm the second largest hedge fund in the world. Bridgewater began investment operations in 1975 and was first located in New York, New York, then Wilton, Connecticut and now Westport, Connecticut in the United States.
It manages portfolios for pension funds, endowments, foundations, foreign governments, and central banks for over 180 clients from the United States and 19 other countries. The company has around 350 employees. About a third of the employees work in research and trading.
In 2005, Bridgewater Associates was ranked by Absolute Return Magazine as the largest hedge fund in the United States with $17.7 billion in assets [1].
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[edit] Products
- Pure Alpha Overlay and Hedge Fund Strategies
- Currency Overlay
- Global, Non-US and Core Plus Fixed Income
- Inflation-Indexed Bonds
- Emerging Market Debt
- All-Weather Optimal Beta Strategy
[edit] Philosophy
The philosophy of Bridgewater Associates is derived from Ray Dalio, the founder, President, and Chief Investment Officer of Bridgewater Associates, and his personal beliefs about how results can be obtained. There is little hierarchy based on age and seniority in terms of compensation and responsibility. Compensation and responsibilities are based on the track records of people that they develop over time. There is also little hierarchal structure because all employees are urged to express their opinions, even if they are technically considered “subordinate”.
