11.11.2008

Bridgewater Associates Firm Profile

Bridgewater Associates

Bridgewater Associates is a global investment manager that manages approximately $150 billion in assets with about $45 billion invested in the firm' hedge fund strategy. This strategy is labeled "Pure Alpha," Bridgewater is one of the largest hedge funds in the worl. Bridgewater manages portfolios for more than 300 clients from the United States and 19 other countries. Most of Bridgewater’s clients are institutional investors including banks, governments, and pensions. Bridgewater has 650 employees and is based in Westport, Connecticut.

Some of Bridgewater’s hedge fund innovations of the last 30 years include currency overlay management in the 1980s, the separation of alpha and beta in the 1990s and inflation-linked bond management in the mid 1990s.

Bridgewater’s key investment offering is “pure alpha” which incorporates all of their proprietary trading strategies into one diversified fund. These strategies include currency, fixed income, equity and commodity trading.

Bridgewater Associates’ Founder, CIO, and President Ray Dalio on Bridgewater employees:
People who work at Bridgewater have been selected because they have been high achievers (i.e. exceeded the standards of the general population). Obviously, everyone here has high standards for their own achievement, but it is not likely that individuals hold themselves to standards that they might not be able to achieve. The philosophy of Bridgewater is such that individuals are held to the highest possible standards, and the goal is to get people to achieve far beyond their previous standards and expectations. You have to understand that Bridgewater is not about plodding along at some kind of moderate standard; it is about working like hell to reach a standard that is extraordinarily high, and then getting the satisfaction that comes with that kind of super-achievement.

Bridgewater Associates AUM: $45 billion

Bridgewater Employees: 650

Key Bridgewater People:
CEO: Ray Dalio

Bridgewater Address:
Bridgewater Associates
One Glendinning Place
Westport, CT 06880

Bridgewater Associates Phone:
203.226.3030

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