Success is a double-edged sword, even for hedge fund moguls
Ray Dalio, the manager of the world's biggest hedge fund firm, has achieved hedge-fund-mogul status. His success comes with certain trappings and pitfalls, Brown writes.
Ray Dalio, the manager of the world's biggest hedge fund firm, has achieved hedge-fund-mogul status. His success comes with certain trappings and pitfalls, Brown writes.
Ray Dalio, with the winship of his hedge fund Bridgewater, has acquired a mystique of mythic proportions over the last year or two.聽 And with this success, the assets under management have followed.
And that unfortunate thing that happens with all managers who get really big, really quickly, has started to happen to him.
Here's a quick idea from a piece in Forbes about the wealthiest hedge fund managers in America:
This is not to say that it's time to write Dalio off as an investment manager, but make no mistake - he is now more than just a manager.聽 He is now a hedge fund mogul, with all the trappings and pitfalls that come along with it.聽 It is interesting to note how this sort of thing becomes unavoidable, no matter who it happens to. The payrolls get bigger, there are more families depending on him to keep succeeding and obviously more investors.聽 Life gets harder, not easier, should he continue on in his current role.
Don't get me wrong, I'd trade places with him in a moment聽
Source:聽America's Richest Hedge Fund Managers (Forbes)