Bridgewater Associates is an alternative asset manager unlike most. ValueWalk recently caught up with the world’s leading hedge fund and engaged in an exercise of radical transparency on their portfolio management strategy. In speaking with Chief Investment Officer Bob Prince, what emerged wasn’t so much a picture of static hedge fund investment, but rather a strategy customized based on investor needs relative to volatility and beta benchmark.
Bridgewater Associates and the beta / alpha combination
As the Teacher's Retirement System of Texas seeks to set a historical benchmark, where for the first time an institutional investor is separating individual manager talent, alpha, from general market returns, beta, as a method for determining compensation.
That somewhat complex process of correlating a...
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