A look inside Ray Dalio's hedge fund Bridgewater, recently featured on CBS' '60 Minutes'
Though billionaire Ray Dalio avoids bringing cameras into his hedge fund Bridgewater, CBS'"60 Minutes" got an exclusive look into the group's day-to-day operations.
Here's what it's like to work at Bridgewater, where workers are considered"intellectual Navy SEALs" and nearly one-third of new employees quit after a year. Many employees fear criticizing their peers and managers to their face — but at Bridgewater, the world's largest hedge fund, you could get fired if you don't.well documented culture of"radical transparency,"
where employees routinely judge each other's performance. The corporate culture isn't for the faint of heart — Dalio says about 30% of new employees leave the firm within their first 18 months. Dalio even says Bridgewater has a reputation for being the"intellectual Navy SEALs" for its approach to pushing employees.journalist Bill Whitaker got an exclusive view into the day-to-day operations at Bridgewater.Billionaire Ray Dalio runs Bridgewater, the top-performing hedge fund of all time based on returns since inception.
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