A macro maestro

Aggressive enough to capitalise on upcycles and diverse enough to survive downcycles - if you boil down the jargon, this might be the investment philosophy of Ray Dalio, one of the greatest investors of our time. Ray Dalio founded Bridgewater Associates out of his two-bedroom apartment in New York City in 1975 and built it into the largest hedge fund in the world. As of May 2023, the fund had an AUM of $124 billion. But his contributions to the investing world might just outshine his exploits in the markets. Dalio is the greatest torch-bearer for macro investing, an investment approach that relies on macroeconomic trends to identify

This article was originally published on June 27, 2023.