Hints and tips:
...Dalio appears to be bucking the trend of businessmen such as Jeff Bezos, Elon Musk and Richard Branson, who have embarked in what has been dubbed the billionaire space race....
...Meanwhile, I’m still reading The Fund (that Bridgewater book) and honestly, if it was fiction, you would think it was a bit over the top. Eye-popping stuff....
...Most sought after, he says, is the series of Wedgwood mugs designed by Eric Ravilious and Richard Guyatt to commemorate the 1937 coronation of George VI and the 1953 coronation of Elizabeth II....
...Before that he was head of risk management at the University of California, Bridgewater, Salomon Brothers and Morgan Stanley....
...Tea and coffee were served in mugs made by ceramicist Emma Bridgewater. Odey took one gold Nespresso capsule and lashings of full-fat milk....
...“Investors are recognising the narrowing of the credibility gap between policymakers,” said Richard House, chief investment officer for emerging market debt at Allianz Global Investors....
...Hedge funds snapped up Berkshire Hathaway stock in the second quarter, with DE Shaw, Renaissance Technologies and Bridgewater Associates buying millions of shares in Warren Buffett’s conglomerate....
...Separately PwC vice-chair Richard Oldfield will replace Schroders’ CFO Richard Keers following his retirement at the end of this year....
...And while it’s not an article, Rob Copeland’s The Fund was the best thing I read in 2023 — even if I still don’t feel I have a good handle on how Bridgewater actually functions and manages money....
...WANdisco chief executive David Richards and chief financial officer Erik Miller have stepped down from the troubled UK software group, which revealed an investigation into potential fraud....
...And Ray Dalio as well, the billionaire founder of Bridgewater, the hedge fund, said that the government was operating like one of an emerging country....
...According to Richard Burcher, the founder of law firm pricing consultancy Validatum, law firms raised their rates last year when inflation started to soar....
...It’s an adventurous change of pace for Dalio, who relinquished control of Bridgewater in October after a lengthy succession process....
...Linklaters has hired Richard Woodworth as a restructuring partner in Hong Kong. He joins from Allen & Overy. Law firm Goodwin has named 58 new partners....
...You’ve got Jeff Bezos, Elon Musk and Richard Branson all sending things into the final frontier — not Ray Dalio. Dalio is the founder of the world’s largest hedge fund, Bridgewater Associates....
...These arcs of history are bigger than any man, but Richard Nixon’s gold and China policies set the parameters of the world we’re now leaving....
...“The idea of letting the goons at Unilever run it is laughable,” said Richard Buxton at Jupiter Capital Management, a top-30 shareholder in GSK....
...Job moves Richard Liu has stepped down as chief executive of JD.com, the Chinese ecommerce group he founded more than two decades ago....
...Job moves Orange’s chief executive Stéphane Richard is to leave the French telecoms group by the end of January at the latest after he was given a one-year suspended prison sentence in a fraud case in France...
...A more common application of rush work today is chair seating, a speciality of young furniture-makers Sam Cooper and Richard Platt....
...Smart reads Under siege Tumultuous markets and Bridgewater’s worst losses in a decade are chipping away at the crown of the “king of hedge funds”....
...Sometimes, “regulation can get it wrong”, he tells the FT’s Richard Waters....
...Pioneered by Mr Dalio’s Bridgewater Associates, risk parity funds and trading strategies have exploded in popularity over the past decade....
...“The idea that SoftBank’s jettisoning of businesses that it directly operates means it is more like a Bridgewater [hedge fund] or a Blackstone [private equity group] makes some sense for now....
...Read more here from the FT’s Richard Henderson and DD’s Miles Kruppa....
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