Ray Dalio and Bridgewater
Rob Copeland's book on Dalio and Bridgewater is coming out tomorrow. There's been a handful of articles lately pumping it up. Looks like some juicy anecdotes from former employees that'll be enticing but Copeland seems to have a major dethroning agenda. What are people's thoughts? Seems like financial soap opera writing to me but wonder if it will actually impact Bridgewater's client relationships or ability to recruit.
Rob Copeland seems like a biased reporter with an axe to grind. It is my understanding that there is pretty materially bad blood between Ray / Bridgewater and Rob Copeland that has existed for years and that he is out there to profit from his new book. In terms of the impact on the organization / fund, my guess would be that there is very little - in this industry, $$$ talks. And I would bet Bridgewater is having a reasonably good year and will probably turn on the PR bonanza and their clients will largely ignore it. Obviously, if this prediction ages poorly, then there is a potential for a slightly different impact but, at the end of the day, the team there has built institutional relationships for decades.
I generally agree with you. Has your opinion on potential impact changed at all based on the sensationalism that’s happening coinciding with the book promotion? Redemptions, attrition, reputational decay. Returns will matter most at the end of the day but it’s not like that’s a switch.
I agree with this post and assessment. It seems Liberal Writers live to tarnish Good Men who have been Leaders or Legendary Money Management.
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