Friday, March 30, 2012
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.
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.
Posted 03/30/12 at 05:54 PM Permalink