Monday, November 7, 2011

Ray Dalio's 2009 Hedge Fund Award Speech On Bridgewater, Uncorrelated Alpha and Beta

I found a video of Ray Dalio, founder of the $125 billion hedge fund Bridgewater Associates, giving his acceptance speech after receiving the Lifetime Achievement Award at the 7th Annual Hedge Fund Industry Awards in 2009, which is run by Institutional Investor. He first talked about Bridgewater's culture and then the hedge fund industry. He said there needs to be more "uncorrelated alpha" and less beta replication. Watch the speech after the jump. Dalio's fund performed very well this year while other large funds collapsed (as of September). Related: Dalio Returns 25% With Diversified Bets as Markets Convulse (Bloomberg, 9/7/2011); Ray Dalio On Diversified Uncorrelated Bets and How The Machine Works (BloombergTV Interview, 9/15/2011).








If the embeds are pulled for some reason here are the sources on Youtube (two Bridgewater channels).

Source: Bridgewater Associates (1/2) : Bridgewater Culture, Bridgewater Associates (2/2) : Market -or- Bridgewater Associates (1/2): Bridgewater Culture Updated, Bridgewater Associates (2/2): Market

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