Markets

Ray Dalio’s Bridgewater Associates reportedly lays off dozens of employees

Bridgewater Associates, the world’s largest hedge fund, laid off dozens of employees across the firm this month, the Wall Street Journal reported Friday. The job cuts spanned Bridgewater’s research team, client services, recruiters, audit groups, and the core management team, according to the report. Bridgewater told the Journal that “team […]
Ray Dalio’s Bridgewater Associates reportedly lays off dozens of employees
Markets

‘One of those once in 100 years catastrophic events’: Billionaire Ray Dalio says coronavirus will ‘annihilate’ select parts of the market — and warns further emergency rate cuts will be futile

The coronavirus is a once-in-a-lifetime epidemic that will squash those who don’t defend for a worst-case scenario, Bridgewater co-founder Ray Dalio wrote in a Tuesday LinkedIn post. The billionaire investor pointed to insurance companies offering insurance against the outbreak and investors selling deep out-of-the-money options as those set to face […]
‘One of those once in 100 years catastrophic events’: Billionaire Ray Dalio says coronavirus will ‘annihilate’ select parts of the market — and warns further emergency rate cuts will be futile
Strategy

PRESENTING: The best advice billionaire Ray Dalio has ever given on life, success, and understanding our world

Ray Dalio is the billionaire investor who founded Bridgewater Associates. He currently serves as co-CIO and chairman of Bridgewater. Dalio authored “Principles: Life and Work” and has shared additional principles throughout the years. We’ve listed the best insights, recommendations, and advice we’ve heard from Dalio. Business Insider regularly features interviews […]
PRESENTING: The best advice billionaire Ray Dalio has ever given on life, success, and understanding our world
Markets

Bridgewater co-CEO Eileen Murray is leaving the $160 billion hedge fund

Bridgewater Associates co-CEO Eileen Murray is leaving the $US160 billion hedge fund, according a press release published Tuesday. Murray will step down at the end of next quarter, and co-CEO David McCormick will serve as the sole CEO. According to The Wall Street Journal, Murray was exploring leaving the hedge […]
Bridgewater co-CEO Eileen Murray is leaving the $160 billion hedge fund
Markets

Ray Dalio breaks down why he see a 25% chance of recession through 2020

Billionaire Ray Dalio – the founder of Bridgewater Associates, the world’s largest hedge fund – told Bloomberg he sees a 25% chance of recession in 2019 and through 2020. He cited the effectiveness of central bank policies, the wealth gap, the 2020 US elections, and the economic emergence of China […]
Ray Dalio breaks down why he see a 25% chance of recession through 2020
Strategy

What it’s like to work at the most successful hedge fund in the world, where 30% of new employees don’t make it and those who do are considered ‘intellectual Navy SEALs’

Though the billionaire Ray Dalio avoids bringing cameras into his hedge fund, Bridgewater Associates, CBS’s “60 Minutes” recently got an exclusive look into its day-to-day operations. Here’s what it’s like to work at Bridgewater, where workers are considered “intellectual Navy SEALs” and nearly one-third of new employees quit after a […]
What it’s like to work at the most successful hedge fund in the world, where 30% of new employees don’t make it and those who do are considered ‘intellectual Navy SEALs’
Strategy

The world’s largest hedge fund told an employee he was a bad manager in front of 200 people — and he found it ‘energizing’

Bridgewater Associates is the world’s largest hedge fund. On his new podcast, Wharton professor Adam Grant spoke to some Bridgewater employees about their culture of “radical transparency.” One manager remembered finding out in front of 200 coworkers that he’d been ranked the worst performer. He said it “energised” him by […]
The world’s largest hedge fund told an employee he was a bad manager in front of 200 people  —  and he found it ‘energizing’