Bridgewater Associates

Bridgewater Associates is a prominent American investment management firm founded in 1975 by Ray Dalio. The firm specializes in hedge fund strategies, offering a range of investment products to institutional clients, including pension funds, endowments, foundations, foreign governments, and central banks. Bridgewater is renowned for its 'Pure Alpha' fund, which aims to generate returns uncorrelated with traditional market indices, and its 'All Weather' fund, designed to perform well across various economic environments. The firm's investment philosophy is rooted in a deep understanding of global macroeconomic trends, utilizing quantitative models to inform decision-making. Bridgewater's commitment to research and innovation has established it as a leader in the hedge fund industry, with assets under management reaching approximately $92.1 billion as of mid-2025. The firm operates with a culture of openness and transparency, fostering an environment where independent thinking and rigorous analysis are highly valued. In recent years, Bridgewater has been expanding its presence in Asia, particularly in China, where it manages nearly 40 billion yuan, making it the largest foreign hedge fund in the country. This expansion reflects the firm's strategic focus on global diversification and its dedication to providing tailored investment solutions to a diverse client base. Despite leadership changes, including founder Ray Dalio's departure from the CEO role in 2017 and his sale of the remaining stake in 2025, Bridgewater continues to uphold its mission of delivering unique insights and partnerships to sophisticated global institutional investors.