Bridgewater Associates, the world’s biggest and one of the best-performing hedge funds, is betting against Australia’s stock and bond market, according to disclosures made by one of its new exchange traded products.
Bridgewater was founded by high-profile stockpicker Ray Dalio in 1975 and now manages more than $200 billion. On Friday, it unveiled its All Weather ETF in a partnership with funds management group State Street, allowing retail investors to replicate its best-known investment strategy.
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
