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Friday, March 30, 2012

In the Money: Dalio Tops Hedge Fund Earners

Ray Dalio, head of Westport’s Bridgewater Associates, the world’s largest hedge fund, personally made $3.9 billion last year, according to an industry ranking published today. WestportNow.com Image
Ray Dalio: head of Westport hedge fund earned $3.9 billion in 2011. Forbes.com photo

Dalio’s $70 billion Pure Alpha fund produced $13.8 billion of investment profits, according to Absolute Return magazine.

Dalio tops the list of the magazine’s richest 25 hedge fund managers. The select group took home $14.4 billion in profits on their own investments last year – down from $22 billion in 2010, the magazine said.

Dalio, a Greenwich resident, has pledged to donate half of his wealth to charity. Bridgewater has 1,200 employees in four Westport locations as well as others in Wilton and Norwalk.

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Posted 03/30/12 at 05:54 PM  Permalink



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