Ray Dalio (Scott Eells/Bloomberg) Bridgewater extended its gains in May, a month that one macro manager described as “tricky.”The world’s largest hedge fund firm, headed by Ray Dalio, posted a 1.4 percent gain in Pure Alpha 18 Percent, its flagship fund. The fund, sometimes called PA II, is now up 5.4 percent for the To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login. Related Content
Bridgewater Associates, one of the most prominent macro hedge funds, is reflecting the integration of sustainability in its research process with two senior appointments. It is also about to launch a UCITS version of its All Weather strategy that is aligned with the UN Sustainable Development Goals (SDGs).
Bridgewater, a systematic top-down macro investor across asset classes with AUM of $150bn (€123bn), has appointed Carsten Stendevad, former CEO of the Danish labour market pension fund ATP, and Karen Karniol-Tambour, the long-time head of investment research, as co-chief investment officers for sustainability.
The appointments recognise the sustainability research that the firm has been doing for a number of years. Indeed, Bridgewater says that sustainability is now so embedded in all aspects of the economy that it has become a core component of any serious economic analysis.
Tue, 25 May 2021 | Written By: Neil Wilson
Neil is chief market analyst for Markets.com and also writes for the Investors Chronicle as ‘The Trader’, with the daily market outlook published online each morning.
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Morning Note
“I have some Bitcoin, and I have a very particular set of skills”.
Ok, Ray Dalio didn’t say the second bit, but it would have been good if he did. The guy hates cash; we know this, but now he hates on bonds too. For the founder of Bridgewater Associates, even the most volatile asset out there is better than picking up dimes from in front of the inflation steamroller. In a recorded interview shown yesterday at CoinDesk’s Consensus 2021 conference, Dalio said he would rather own Bitcoin than bonds. Dalio has a very particular set of skills: he’s good at making investment calls.
Hedge fund legend Ray cash is trash Dalio ditches bonds for Bitcoin as losses hit $12bn
Ray Dalio (source: WKP)
“I have some Bitcoin, and I have a very particular set of skills”. Ok, US billionaire Ray Dalio didn’t say the second bit, but it would have been good if he did.
“The guy hates cash; we know this, but now he hates bonds too,” commented Neil Wilson, chief market analyst at Markets, this morning.
“For the founder of Bridgewater Associates, even the most volatile asset out there is better than picking up dimes from in front of the inflation steamroller,” he added.