Ray Dalio’s famous trade is sputtering and investors are bailing

(Image: Bloomberg)

Wed, 24 Apr 2024

By Justina Lee(Bloomberg) -- It was an irresistible pitch. Give us your money, executives at Ray Dalio’s Bridgewater Associates and other hedge funds said, and we’ll funnel it into a money-minting, sure-thing strategy for the long haul. But now, after five years of sub-par returns, many of the institutional investors who sank large sums into risk-parity funds, as they’re known, are demanding the money back.Investors, including public pensions in New Mexico, Oregon and Ohio, have yanked out cash, slashing the size of the f...

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