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A fascinating article about how the world's biggest hedge fund Ray Dalio's Bridgewater Associates really makes money.
It's investing edge seems to be the access Dalio has to central bankers, ministers and government officials who give him an 'information edge'. Not illegal insider trading, but not the grand automated trading engine based on rules that they claim is their reason for success.
Bridgewater's target was information about entire nations. According to employees involved with the effort, Mr. Dalio heavily courted well-connected government officials from whom he might divine how they planned to intervene in their economies ' and Bridgewater used these insights to make money in its funds.
nytimes.com - How does the worlds largest hedge fund really make its moneyEvery day my admiration for Buffett and how he made money for himself and his investors grows.
