The golden age of hedge funds
from CFA Institute's Enterprising Investor
From March 7
: “There are about 8,000 planes in the air and 100 really good pilots.” A number of years ago, Ray Dalio of Bridgewater Associates was asked how many hedge funds are worth investing in. That quote was his response. And Dalio should know. One of the all-time great hedge funds, Bridgewater manages around $150 billion for many of the largest institutional investors in the world.
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