Odd Lots
Ray Dalio Says ‘Pod Shop’ Hedge Fund Model Is Unlikely to Last
In the latest Odd Lots episode, the founder of Bridgewater Associates takes aim at the popular multistrategy hedge fund model that’s boomed in recent years.
Watch out pod shops. Ray Dalio, the billionaire founder of a 50-year-old hedge fund in the US, thinks the multistrat model that’s taken Wall Street by storm won’t have quite the same longevity.
“Maybe it’s a totally fine way for investment management, but it’s not a fine way for building a 50-year-old” business, Dalio, who founded Bridgewater Associates, said on an episode of Odd Lots recorded as part of the show’s 10-year anniversary celebrations. “I think it’s not going to last.”