You probably already know who Warren Buffett is. But have you ever wondered who’s in the same league as the legendary value investor himself? A man called Ray Dalio.
If you’ve been in the investing game long enough, his name would definitely ring some bells.
Ray Dalio is the founder and co-CIO of Bridgewater Associates. He founded Bridgewater out of his apartment in 1975.
Bridgewater is now the world’s largest hedge fund, with about $150 billion in assets under management.
There’s definitely more than just the size of the fund to be amazed over.
Bridgewater posted returns for 2018 that not only outperformed benchmark indexes for various asset classes, but also many of its peers in the hedge fund industry.
The firm’s flagship Pure Alpha fund finished 2018 with a return of 14.6%, net of fees.
In comparison, the S&P 500 index was -4.38% for 2018 and Warren Buffett himself is known to publicly endorse