Timeless and universal: A talk with Ray Dalio

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While hedge fund manager John Paulson was deservedly getting headlines and receiving accolades last year for his impeccable timing of the housing market crash – and his ability to profit from that call – Ray Dalio, co-founder of hedge fund Bridgewater Associates – was quietly racking up his own solid returns.

As capital markets around the world imploded, and institutional investors saw their asset levels drop sharply, Bridgewater’s Pure Alpha strategy gained 13.80%, according to evestmentalliance.com. Bridgewater’s all weather strategy dropped 19.8% last year, according to evestmentalliance.com, down but still a far better showing than most portfolios and indexes.

Recently, Mr. Dalio sat down with Pensions & Investments senior reporter Christine Williamson and executive editor Joel Chernoff in his Westport, Connecticut office. In this podcast, Mr. Dalio talks about how he and the team at Bridgewater navigated the treacherous markets of 2008, where he’s looking for value today and what institutional investors need to do to recover from last year’s drubbing.