3 ms·

Bridgewater's Ray Dalio Has a Plan to Live Forever

10 points by pdog 9y ago

neaden 9y ago
That's an incredibly misleading title for an article about someone's succession plan and desire for his business to stick around.
bko 9y ago
It's important to note that Dalio is a successful fund manager because he has managed to convince investors to invest. His main funds have underperformed broad indexes for a long time. Sure there are some funds that periodically beat the market, but it's rarely the same funds or consistent. Perhaps his management philosophy is useful in sales or management, but it has not translated to success in the financial markets when compared to passive investing
- jwitko 9y ago
  Can you provide sources for this? As an ex-bridgewater employee from everything I've seen, read, and heard this is an incredibly false statement.
  - bko 9y ago
    Im not an insider so I could be wrong, but I read about underperformance through news articles. Here's one i just read > Since the beginning of 2012, Bridgewater’s Pure Alpha II has posted an annualized return of 2.5 percent, according to a document reviewed by Bloomberg Markets, a far cry from its historic average of 12 percent. It’s down 2.8 percent this year through July. (A smaller Bridgewater hedge fund, Pure Alpha Major Markets, has fared better, as has the company’s long-only product.) > Even a hardcore fan is concerned about performance. “Their returns have been unspectacular recently, and it makes you wonder if this is the beginning of the end,” says Michael Rosen, chief investment officer of Angeles Investment Advisors, who’s steered clients to Bridgewater since the early 2000s and prizes its research reports over others in the industry. “There’s only been one market cycle since the financial crisis, and so if this performance continues in the next cycle, then there may be cause for concern.” https://www.bloomberg.com/view/articles/2017-08-10/truth-yachts-and-accounting https://www.bloomberg.com/view/articles/2017-08-10/truth-yac...
deleted 9y ago
[deleted]

10 points by pdog 9y ago

That's an incredibly misleading title for an article about someone's succession plan and desire for his business to stick around.

bko 9y ago

It's important to note that Dalio is a successful fund manager because he has managed to convince investors to invest. His main funds have underperformed broad indexes for a long time. Sure there are some funds that periodically beat the market, but it's rarely the same funds or consistent. Perhaps his management philosophy is useful in sales or management, but it has not translated to success in the financial markets when compared to passive investing

jwitko 9y ago
Can you provide sources for this? As an ex-bridgewater employee from everything I've seen, read, and heard this is an incredibly false statement.
- bko 9y ago
  Im not an insider so I could be wrong, but I read about underperformance through news articles. Here's one i just read > Since the beginning of 2012, Bridgewater’s Pure Alpha II has posted an annualized return of 2.5 percent, according to a document reviewed by Bloomberg Markets, a far cry from its historic average of 12 percent. It’s down 2.8 percent this year through July. (A smaller Bridgewater hedge fund, Pure Alpha Major Markets, has fared better, as has the company’s long-only product.) > Even a hardcore fan is concerned about performance. “Their returns have been unspectacular recently, and it makes you wonder if this is the beginning of the end,” says Michael Rosen, chief investment officer of Angeles Investment Advisors, who’s steered clients to Bridgewater since the early 2000s and prizes its research reports over others in the industry. “There’s only been one market cycle since the financial crisis, and so if this performance continues in the next cycle, then there may be cause for concern.” https://www.bloomberg.com/view/articles/2017-08-10/truth-yachts-and-accounting https://www.bloomberg.com/view/articles/2017-08-10/truth-yac...

deleted 9y ago

[deleted]