Hedge Funds

How Dalio's Bridgewater wooed the pension funds


The quantitative shop now has more institutional money than anyone else writes Iain Jenkins

Ray Dalio doesn't talk like a hedge fund manager. He is far too theoretical for that, peppering his description of his business with references to 'alpha', 'beta' and 'benchmarks.' Yet he has built Bridgewater into one of the biggest and fastest growing hedge fund groups in the world with over $8 billion of assets - and there is no sign of the growth coming to an end any time soon.

Maybe it isn't that surprising that Dalio doesn't sound like a hedge fund