Rob Copeland’s book The Fund critiques this company’s attempts to institute “radical transparency” through “baseball cards.” For 10 points each:
[10h] Name this hedge fund founded by Ray Dalio, which is headquartered in Westport, Connecticut.
ANSWER: Bridgewater [or Bridgewater Associates, LP]
[10e] Bridgewater’s All-Weather fund popularized funds named for parity in this concept. Aversion to this concept leads people to take a guaranteed 10 dollars over an 11% chance of 100 dollars.
ANSWER: risk [accept risk parity or risk aversion]
[10m] One of Bridgewater’s primary products is a hedge fund named for the “pure” form of this concept. This measure of the active return on an investment contrasts with a measure of market risk.
ANSWER: alpha [accept Pure Alpha]
<Benjamin McAvoy-Bickford, Other Academic>