The Latest Breaking News from Bridgewater

The billionaire Bridgewater Associates founder handed out some advice for those with “adventure ahead.”

The north Queensland region’s has seen it become a place for foodies to take seriously. But it’s not only fine dining – Townsville has a diverse mix of cafes, bars and take-away options.

“You have this long grind that’s probably a couple years.”

Bridgewater Associates was founded in 1975 and has over $223 billion in assets under management, making it one of the world’s largest hedge funds.

An “unauthorized, unvarnished” biography of billionaire hedge-fund manager Ray Dalio will be published next fall

After relinquishing control of the world's largest hedge fund, Ray Dalio, the founder of

Ray Dalio announced Tuesday he’s ceding control of Bridgewater Associates, 47 years after he founded the hedge fund that’s become the world’s largest.

"I feel great about the people and 'machine' now in control," Dalio tweeted.

The Federal Reserve's raising of interest rates could bring the economy "down," according to billionaire Ray Dalio. In a recent LinkedIn post, the Bridgewater Associates founder said increasing interest rates to about 4.5% — meant to offset inflation — will cause stock prices to plummet by 20%.

The world’s largest hedge fund Bridgewater Associates, led by billionaire Ray Dalio, has a warning for investors related to an economic slowdown in the United States. 

Crypto exchange Coinbase Global Inc (CRYPTO: COIN) is reportedly testing out a management ethos called “radical transparency” that has been employed by Ray Dalio’s Bridgewater Associates.