May 03, 2012

Ray Dalio on money printing

“There hasn’t been a case in history where they haven’t eventually printed money and devalued their currency”

Ray Dalio is an American businessman and founder of Bridgewater Associates. Bridgewater Associates has since attracted many clients including pension funds and is currently (as of January 2012) the largest hedge fund in the world with nearly $120 billion under management.

Ray Dalio founded Bridgewater Associates in 1975. Now the company manages approximately $122 billion in global investments for a wide range of institutional clients. Since the beginning of 2010, Bridgewater made profits from its investments in developed-market currencies, equities, emerging-market debts and currencies as well as commodities. The fund generated a 44.8% return last year. It also generated a return of 25.3% through August 31, despite the large declines in the stock market. As of 2011, the fund is reported to have lost money in only three of its 20 year existence and had an average annualized return of 18 percent.