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Bridgewater Associates history
Bridgewater Associates company history timeline
Ray founded Bridgewater in 1975 in his New York City brownstone apartment.
In 1975, after earning an MBA from Harvard Business School, he launched Bridgewater from his two-bedroom New York City apartment.
After his crash in 1981, Dalio tried to find a way to enjoy high returns with low risk, rather than choosing just high-risk/high-reward or low-risk/low-reward.
The poultry producer closed the deal and McDonald’s introduced the McNugget in 1983.
Microsoft had released the first Windows-based version of it in 1987.
With the bursting of the bubble came the realization that equities were by no means a “sure thing.” The tech bubble implosion shifted the mindset of the average investor, reminiscent of the disruptions of Bretton Woods, the oil shocks and the 1987 stock market crash.
The 1990 memo to Rusty put it this way, “Bonds will perform best during times of disinflationary recession, stocks will perform best during periods of … growth, and cash will be the most attractive when money is tight.” Translation: all asset classes have environmental biases.
In 1990, they landed a $100 million account from Kodak’s pension fund, a huge boost to their credibility.
The tactical strategy that resulted from this work, Pure Alpha, was launched in 1991, years before All Weather came into being.
Launched in 1996, All Weather was originally created for Ray’s trust assets.
The fully formed All Weather emerged in 1996 as Ray, Bob and by this point the third CIO, Greg Jensen, who had joined Bridgewater out of college, sought to distill decades of learning into a single portfolio.
They had just issued pension obligation bonds because they were severely underfunded in the aftermath of the 2001 stock market crash.
However, after nearly a decade of poor performance and the credit crises of 2008, investors were hungry for an alternative.
Ray Dalio is the founder of the world's biggest hedge fund firm, Bridgewater Associates, which manages $154 billion.Working to make sure Bridgewater survives him, Dalio moved in 2018 to turn Bridgewater into a partnership and give employees more of a stake in the firm.
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Bridgewater Associates competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Putnam Investments | 1937 | $350.0M | 1,701 | - |
| The Vanguard Group | 1975 | $6.9B | 17,600 | 48 |
| Pacific Investment Management Company LLC | 1971 | $787.9M | 2,900 | 163 |
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,067 |
| Citi | 1812 | $74.3B | 210,000 | 1,128 |
| HarbourVest | 1982 | $12.8M | 341 | 32 |
| Prudential Retirement Insurance And Annuity Co | - | $57 | 41,671 | - |
| Cambridge Associates | 1973 | $570.0M | 1,300 | 28 |
| PRA Group Careers | 1996 | $265.1M | 4,500 | 19 |
| First Republic Bank | 1985 | $2.3B | 6,295 | - |
Bridgewater Associates history FAQs
Zippia gives an in-depth look into the details of Bridgewater Associates, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Bridgewater Associates. The employee data is based on information from people who have self-reported their past or current employments at Bridgewater Associates. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Bridgewater Associates. The data presented on this page does not represent the view of Bridgewater Associates and its employees or that of Zippia.
Bridgewater Associates may also be known as or be related to Bridgewater Associates, Bridgewater Associates Intermediate Holdings, LP and Bridgewater Associates LP.