DAVOS 2016; World Economic Forum -- Pictured: Ray Dalio, Bridgewater Associates Founder, President and CIO, in an interview at the annual World Economic Forum in Davos, Switzerland, on January 20, 2016 -- (Photo by: David A.Grogan/CNBC/NBCU Photo Bank via Getty Images)Photograph by David A. Grogan — CNBC/NBCU Photo Bank via Getty Images
Everything about Bridgewater is radical, from its size to its culture. With more than $150 billion under management, it’s the world’s biggest hedge fund company and has produced a net gain of $45 billion, the most in hedge fund history, according to LCH Investments. (Clients are institutions such as pension funds.) Its flagship $70 billion Pure Alpha fund has averaged 13% annual returns since 1991. The firm is known for founder Ray Dalio’s culture of transparency, governed by 210 “principles.” (Sample: “Only believable people have a right to opinions.”) Recent tensions at the top led the firm to hire ex–Apple exec Jon Rubinstein as co-CEO.
Company Info
| CEO | Jon Rubinstein and Eileen Murray (Co-CEOs) |
| HQ location | Westport, Conn. |