Ray Dalio

Ray Dalio
Web Summit 2018 - Forum - Day 2, November 7 HM1 7481 (44858045925).jpg
Born
Raymond Thomas Dalio

(1949-08-08) August 8, 1949 (age 72)
New York City, U.S.
EducationLong Island University, Post (BS)
Harvard University (MBA)
OccupationHedge fund manager
Known forFounder of Bridgewater Associates
Spouse(s)Barbara Dalio
Children4 sons, including Paul

Raymond Thomas Dalio (born August 8, 1949)[1] is an American billionaire investor and hedge fund manager, who has served as co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, since 1985. He founded Bridgewater in 1975 in New York. Within ten years, it was infused with a $5 million investment from the World Bank's retirement fund.[2][3] Dalio is regarded as one of the greatest innovators in the finance world, having popularized many commonly used practices, such as risk parity, currency overlay, portable alpha and global inflation-indexed bond management.[4]

Dalio was born in New York City, and attended C.W. Post College of Long Island University before receiving an MBA from Harvard Business School in 1973. Two years later, in his apartment, Dalio launched Bridgewater. In 2013, it was listed as the largest hedge fund in the world.[5][6] In 2020 Bloomberg ranked him the world's 79th-wealthiest person.[7] Dalio is the author of the 2017 book Principles: Life & Work, about corporate management and investment philosophy. It was featured on The New York Times best seller list, where it was called a "gospel of radical transparency."[8][9]

  1. ^ "Bloomberg Billionaire Index". Bloomberg.com. Archived from the original on 17 April 2018. Retrieved 18 April 2018.
  2. ^ "The Rise of Dalio Philanthropy: A Case Study of the New Mega-Giving". Inside Philanthropy. Archived from the original on April 23, 2017. Retrieved April 22, 2017.
  3. ^ "Ray Dalio". Forbes. Retrieved 2020-11-18.
  4. ^ "Risk Parity Trade Made Famous by Ray Dalio Is Now Ringing Alarms". Bloomberg.com. 2020-03-12. Retrieved 2021-04-04.
  5. ^ "Ray Dalio, Founder of World's Largest Hedge Fund: Weak Economy Makes Second Adolf Hitler More Likely". Algemeiner. Archived from the original on April 17, 2019. Retrieved March 19, 2013.
  6. ^ "Ray Dalio". Archived from the original on 2019-07-16.
  7. ^ "Bloomberg Billionaires Index - Ray Dalio". Bloomberg.com. Archived from the original on 2020-02-14. Retrieved 2020-02-07.
  8. ^ Stevenson, Alexandra; Goldstein, Matthew (2017-09-08). "Bridgewater's Ray Dalio Spreads His Gospel of 'Radical Transparency'". The New York Times. ISSN 0362-4331. Archived from the original on 2020-03-30. Retrieved 2020-04-06.
  9. ^ Sorkin, Andrew Ross (2017-09-04). "Bridgewater's Ray Dalio Dives Deeper Into the 'Principles' of Tough Love". The New York Times. ISSN 0362-4331. Archived from the original on 2020-01-17. Retrieved 2020-04-06.

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