Dalio Criticizes Media ‘Distortions’ and Defends Bridgewater

  • Bridgewater founder says WSJ portrays firm as ‘oppressive’
  • Manager says turnover exceptionally low after first two years

Ray Dalio

Photographer: Peter Foley/Bloomberg

Ray Dalio, founder of the world’s biggest hedge fund, lambasted inaccuracies in the mainstream media as a threat to society, citing what he says are distortions about his firm in a Wall Street Journal story last month.

The Dec. 22 article, which described software being developed by Bridgewater Associates to automate management decisions, portrayed the firm as “being a crazy, oppressive place run by a Dr. Frankenstein type character,” Dalio wrote on his LinkedIn page Tuesday. The Journal’s description of the program — which uses data from sources including employee ratings of each other and personality tests — was “sensationalistic and misleading,” he wrote…

Dalio Criticizes Media ‘Distortions’ and Defends Bridgewater

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