Bridgewater Associates

2024: Ray Dalio does not want to give up investment in China despite pressure from US authorities

Bridgewater Associates founder Ray Dalio defended his investment in China, which he has made for decades, and in April 2024 promised that he would not leave the world's second-largest economy, even despite all the problems he identified and the risk of war with his own country, the United States.

"I had a wonderful 40-year relationship with the Chinese people and Chinese culture that led me to love them. For me, the relationship with them and their markets goes hand in hand, and I wouldn't want to be without either. "

2022: Ray Dalio unexpectedly quits as head of hedge fund

On October 4, 2022, Ray Dalio unexpectedly left the post of head of the Bridgewater Associates hedge fund, which he founded 47 years ago.

2020: One of the biggest losses in the fund's history

The world's largest hedge fund Bridgewater Associates of the American billionaire Ray Dalio fell victim to the bloodbath in the markets. At the beginning of August 2020, the fund, managing assets of $148 billion, received a loss of 18.6% on its flagship product - Pure Alpha II fund.

The fund, whose clients include more than 300 investors, some of whom have invested more than a billion dollars, failed to cope with the roller coaster in markets that collapsed in the spring amid the pandemic panic, and then began a rally that became a record for American indices in almost 100 years.

The loss, the highest in a decade and one of the largest in the career of 71-year-old Dalio, capped all the profits earned by the fund over the past three years. About 50 customers decided to break off their relationship with Bridgewater, taking a total of $3.5 billion.

Losses to the fund were brought by computer models based on macroeconomic data: they correctly gave a signal for a reduction in positions in March, but turned out to be too slow when the markets returned to growth. As a result, even having correctly guessed the trends for gold, stocks and the dollar-to-yen rate, Bridgewater "jumped into the outgoing carriage" too late, failing to make money.