Bill Mahoney, who led global sales and marketing and became an equity partner at Bridgewater Associates LP, the world’s largest hedge fund, before retiring to pursue other interests before his 50th birthday, has died. He was 55.
Bridgewater Associates LP founder Ray Dalio can rattle off the investing fads he’s witnessed since he began trading as a 12-year-old golf caddie: the Nifty-50 stock craze of the 1970s, the 1980 gold bubble and even the 60- 40 stock-to-bond mix.
Ray Dalio, founder of Bridgewater Associates LP, the world’s biggest hedge fund, said 2013 will be a “game changer” for the economy as investors reallocate money after risks such as Europe’s sovereign debt crisis receded.
Ray Dalio, the billionaire investor who runs the world’s largest hedge fund, said the euro will “likely” stay together because austerity measures deterring growth will be balanced by European Central Bank intervention.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Ray Dalio, founder of Bridgewater Associates LP, said he expects “another very difficult period” for financial markets next year or in early 2013 as governments struggle to reduce their debt, the New Yorker reported, citing an interview with the hedge-fund manager.
Bridgewater Associates LP, the $140 billion hedge fund founded by Ray Dalio, is betting on global stocks and oil as it expects money to move into equities and other assets amid increased economic confidence.