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B. G., Opalesque Geneva: State Street Global Advisors is joining forces with Bridgewater Associates to help a broader range of investors, including retail investors, gain access to core alternative investment strategies. This partnership comes as more alternative asset managers seek a wider audience and more investors are thinking about dipping their toes into alternatives.
State Street Global Advisors (SSGA), based in Boston, pioneered the ETF industry in 1993 and has a history of providing investors with access to liquid and transparent solutions. It is the world's fourth-largest asset manager with $4.73tln in AuM (as of September 30, 2024).
Bridgewater Associates was founded by Ray Dalio in 1975 and is now based in Connecticut. As of 2022, Bridgewater has posted the second-highest gains of any hedge fund since its inception in 1975. As of Jan. 31 2023, Bridgewater had $123.5bn in AuM, only bested by Man Group.
According to the Financial Times, the partnership will start with an exchange-traded fund (ETF). SSGA has filed plans with the US Securities and Exchange Commission for an "All-Weather" ETF, which seeks to profit in all types of market conditions by holding a wide range of assets. If approved by the regulator, it will be sub-managed by Bridgewater using its se...................... To view our full article Click here
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