Pure Alpha Strategy’s main fund has a return of 34.6 percent this year. The All Weather fund, which is designed to provide more stable returns, is down 27.3 percent for the year.

ideas

Before Dalio started Bridgewater from his New York room in 1975, he worked as a commodities broker. After very strong results in the early 2000s, managers raised tens of billions of dollars and acquired many of the largest institutions as clients.

Based in Westprot, Connecticut, Brigewater is known for its secrecy and comparison to cults.

Dalio’s vision is to create a culture where the best ideas win, called the “Idea Meritocracy”. He believed that the best way to achieve this was through radical honesty and radical openness within the organization.

Openness about disagreements is rewarded and employees are judged on attributes such as credibility. At the same time, all meetings are recorded.

Challenge

Over the past decade, more than seven different people have held the title of CEO or co-CEO.

– This is a challenging process. Ray has a strong opinion of how things work, says Greg Jensen, who has worked at the company since 1996 where he started as an intern.

This takeover means that Ray Dalio can spend more on volunteering and teaching knowledge to others. The hedge fund manager, among others, is very active on social media with more than 900,000 followers on Instagram, where he shares his experiences and opinions.

Not alone

However, it is not only Dalio who has problems with withdrawing. At BlackRock, the world’s largest alternative investment manager, 75-year-old Steve Schwarzman continues his role as chairman and CEO.

At the UK PE fund, Henry Kravis, 78, and George Robert, 79, continue their roles as co-chairman of the board.