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Bridgewater Associates is an American investment management firm founded by Ray Dalio in The firm serves institutional clients including pension fundsendowments fondo investimento forex, foundationsforeign governmentsand central banks.
It utilizes a global macro investing style based on fondo investimento forex trends such as inflationcurrency exchange rates, and U. Bridgewater Associates began as an institutional investment advisory fondo investimento forex, graduated to institutional investing, and pioneered the risk parity investment approach in Inthe company moved its headquarters from New York City to Westport, Connecticut and currently engages 1, employees.
The firm's history includes the pioneering of industry strategies such as: Bridgewater Associates was founded by Ray Dalio in from an office in his Manhattan apartment. At that time, the business consisted exclusively of advising corporate clients and the management of fondo investimento forex and international currency and interest rate risks.
Init launched a hedge fund portfolio using monies from Kodak and Loews Corporation  and began formally offering its currency overlay products to its clients. Bridgewater Associates developed several "innovative investment strategies" during the s such as inflation-indexed bondscurrency overlay, emerging market debtglobal bonds and "super-long duration bonds".
The firm also "pioneered the separation of alpha and beta" fondo investimento forex and developed a strategy called fondo investimento forex overlay" which involved a portfolio of "20 uncorrelated" investments, leveraged for risk or return and combined with cash or an investment market benchmark.
The firm launched its Pure Alpha fund and began to market portable alpha investment strategies in Treasury  and advised federal government on the development of inflation-indexed bonds. Bridgewater launched its All Weather hedge fund and pioneered the risk parity approach fondo investimento forex portfolio management in Inthe company's flagship Pure Alpha fund began "returning money" to its clients in order to maintain its investment strategy and enforce its "capacity limit.
The company "began sounding alarms. In December, these conclusions were reported to the U. Treasury Department when company founder Ray Dalio met with U.
Treasury Secretary staff and other White House economic advisers. Ray Dalio, the company's founder, began using the term "d-process" in February to describe the deleveraging and deflationary process of the subprime mortgage industry as distinct from a recession. It was ranked number one on Institutional Investor 's "world's top hedge funds" list. The company also must agree to retain 1, jobs they already support in Connecticut.
According to Ray Dalio, Bridgewater Associates is a "global macro firm". Additionally, the company is reported to accept funds only from institutional clients such as pension fondo investimento forex, foundations, endowments, and central banks rather than private investors.
The fondo investimento forex divides its investments into two basic categories: The principle of separating alpha and beta investments was introduced by Dalio in and gained the recognition of other equity managers beginning in the year The firm is reported to be the first hedge fund manager to separate alpha and beta investment strategies and offer dedicated investment funds for each.
According to Bloomberg, Bridgewater uses an investing system that combines traditional diversification with "wager[s] on or against markets around the world" and attempts to invest in instruments and markets that do not "move in lock step" with each other.
Inthe company moved its headquarters 50 miles north of New York Fondo investimento forex to Wilton, Connecticutand in the late s it moved to a larger office space on a corporate campus in Westport, Connecticut.
The firm's headquarters is described fondo investimento forex retreat-like and is surrounded by the trees of a former nature reserve. Since its staff has grown from to employees, and the firm has taken office space in three additional buildings in the area.
Bridgewater Associates grew from employees in to 1, employees in According to an article in Bloomberg, "about a quarter of all new hires" leave within the first two years.
Dalio, the founder, relinquished his chief executive officer CEO title in July to take on the role of "mentor. According to Dalio, the cultural fit was a problem, but Harris "is a superstar, with an absolutely fabulous character". InDalio saw the firm taking on hundreds of new employees and decided to create a handbook called Principles which was distributed to all employees.
The publication is said to be part self-help book, part management manual, and part treatise on the mechanics of natural fondo investimento forex as they function in a business setting. A article in New York Magazine described the stocks traded on tsx and nyse as the "largest and indisputably weirdest hedge fund" because of its unwavering commitment to "total honesty and accountability" and minute fondo investimento forex in its corporate culture.
He says that any employee can respectfully say anything to anyone in the firm, but they must be prepared to be challenged in return. The company has been likened to a cult,  but Dalio denies that and insists that the firm is a dedicated "community". From Wikipedia, the free encyclopedia.
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Retrieved 25 May The New York Times. Investment Wisdom for Tomorrowpage 19, Pub: Bridgewater Associates Investor Magazine. Archived from the original on May 30, Retrieved May 30, Culture and PrinciplesBridgewater Company Website. Retrieved January 10, Activist shareholder Distressed securities Risk arbitrage Special situation. Algorithmic trading Day trading High-frequency trading Prime brokerage Program trading Proprietary trading.
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