Bridgewater Associates

All WeatherBridgewater Associates LPBridgewater Business Analysis
Bridgewater Associates is an American investment management firm founded by Ray Dalio in 1975.wikipedia
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Ray Dalio

DalioRayRaymond Dalio
Bridgewater Associates is an American investment management firm founded by Ray Dalio in 1975.
Dalio is the founder, Co-Chairman and Co-Chief Investment Officer of investment firm Bridgewater Associates, one of the world's largest hedge funds.

Risk parity

Risk premia parity
Bridgewater Associates began as an institutional investment advisory service, graduated to institutional investing, and pioneered the risk parity investment approach in 1996. The firm's history includes the pioneering of industry strategies such as: currency overlay, the separation of alpha and beta strategies, the creation of absolute return products, and risk parity.
Some of its theoretical components were developed in the 1950s and 1960s but the first risk parity fund, called the All Weather fund, was pioneered in 1996.

Westport, Connecticut

WestportWestport, CTSaugatuck
In 1981, the company moved its headquarters from New York City to Westport, Connecticut, and currently engages 1,500 employees.
The major financial services companies in Westport now are Bridgewater Associates, a global investment manager and Westport's largest employer, Canaan Partners, an early stage venture capital firm focusing on IT and life sciences, and BNY Mellon.

David McCormick

David H. McCormick
The company's administration consists of three co-CEO's; Greg Jensen, Eileen Murray, former Controller at Morgan Stanley, and David McCormick; the former undersecretary of the Treasury Department.
He is the Co-CEO and a member of the Management Committee at Bridgewater Associates, a global macro investment firm with over $160 billion in assets under management.

Wilton, Connecticut

WiltonWilton, CTWilton parish
In 1981, the company moved its headquarters 50 miles north of New York City to Wilton, Connecticut, and in the late 1990s it moved to a larger office space on a corporate campus in Westport, Connecticut.
Bridgewater Associates was headquartered in Wilton from 1981 to 1996.

Eileen Murray

The company's administration consists of three co-CEO's; Greg Jensen, Eileen Murray, former Controller at Morgan Stanley, and David McCormick; the former undersecretary of the Treasury Department.
Eileen Murray (born 1958) is an American financial services executive and is co-CEO at Bridgewater Associates, one of the world's largest institutional asset managers.

James Comey

James B. ComeyDirector Comey
From 2010 until early 2013, Bridgewater's general counsel was James Comey, former United States Deputy Attorney General and Director of the Federal Bureau of Investigation from 2013 to 2017.
In 2010, he became general counsel at Bridgewater Associates, based in Westport, Connecticut.

Hedge fund

hedge fundshedge fund managerhedge-fund
In June 2011, the hedge fund management firms with the greatest AUM were Bridgewater Associates (US$58.9 billion), Man Group (US$39.2 billion), Paulson & Co. (US$35.1 billion), Brevan Howard (US$31 billion), and Och-Ziff (US$29.4 billion).

Jon Rubinstein

Jon RubensteinJonathan J. Rubinstein
In 2016, Bridgewater had removed Greg Jensen as co-CEO and hired Jon Rubinstein instead.
From March 2016 to March 2017, Rubinstein served as co-CEO of investment firm Bridgewater Associates.

Thomas Britton Harris IV

Britt Harris
Britt Harris, formerly of Verizon Investment Management, joined Bridgewater as co-CEO in November 2004 but left six months later.
He subsequently left Verizon to serve as the chief executive officer of Bridgewater Associates, at the time the largest hedge fund in the world.

Investment management

portfolio managementasset managementinvestment manager
Bridgewater Associates is an American investment management firm founded by Ray Dalio in 1975.

Pension fund

pension fundsretirement fundsuperannuation fund
The firm serves institutional clients including pension funds, endowments, foundations, foreign governments, and central banks.

Financial endowment

endowmentendowmentsendowed chair
The firm serves institutional clients including pension funds, endowments, foundations, foreign governments, and central banks.

Foundation (nonprofit)

foundationcharitable foundationfoundations
The firm serves institutional clients including pension funds, endowments, foundations, foreign governments, and central banks.

Government

Form of governmentgovernmentsgovernmental
The firm serves institutional clients including pension funds, endowments, foundations, foreign governments, and central banks.

Central bank

central bankscentral bankingcentral banking system
The firm serves institutional clients including pension funds, endowments, foundations, foreign governments, and central banks.

Global macro

macro
It utilizes a global macro investing style based on economic trends such as inflation, currency exchange rates, and U.S. gross domestic product.

Inflation

inflation rateprice inflationfood inflation
It utilizes a global macro investing style based on economic trends such as inflation, currency exchange rates, and U.S. gross domestic product.

Foreign exchange market

foreign exchangeForexcurrency exchange
It utilizes a global macro investing style based on economic trends such as inflation, currency exchange rates, and U.S. gross domestic product.

Gross domestic product

GDPnominal GDPGDP (nominal)
It utilizes a global macro investing style based on economic trends such as inflation, currency exchange rates, and U.S. gross domestic product.

New York City

New YorkNew York, New YorkNew York City, New York
In 1981, the company moved its headquarters from New York City to Westport, Connecticut, and currently engages 1,500 employees. In 1981, the company moved its headquarters 50 miles north of New York City to Wilton, Connecticut, and in the late 1990s it moved to a larger office space on a corporate campus in Westport, Connecticut.

Assets under management

AUMassetsfunds under management
As of 2019, it had approximately US$160 billion in assets under management.

Currency overlay

The firm's history includes the pioneering of industry strategies such as: currency overlay, the separation of alpha and beta strategies, the creation of absolute return products, and risk parity.

Alpha (finance)

alphaexcess returnoutperform market averages
The firm's history includes the pioneering of industry strategies such as: currency overlay, the separation of alpha and beta strategies, the creation of absolute return products, and risk parity.

Beta (finance)

betabeta coefficient beta coefficient
The firm's history includes the pioneering of industry strategies such as: currency overlay, the separation of alpha and beta strategies, the creation of absolute return products, and risk parity.