Conflict Is Encouraged

The world’s second largest hedge fund is run on an interesting philosophy

Bridgewater Associates is probably the world’s second largest hedge fund group. Its single-manager fund had assets of $20.9 billion on June 30, 2006 according the magazine Alpha beaten narrowly by Goldman Sachs which had assets of $21 billion. In all, Bridegewater oversees some $141 billion of assets. Since it was started...

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