Investors in ‘disappointing’ funds pioneered by Ray Dalio demand exit
Risk-parity funds promised a lot, but investors want their money back.
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 su
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