Bridgewater co-CIO on risk parity, correlations and contagion
All Weather fund’s approach remains poorly understood, says Prince
Bob Prince, Bridgewater Associates’ co-chief investment officer, has been trying to get people to grasp the inner workings of the firm’s pioneering All Weather fund for over 20 years – but it seems he has still got some work to do. The strategy remains fundamentally “misunderstood”, he says.
People often expect drama from the world’s biggest hedge fund. In particular, critics accuse risk-parity funds – of which All Weather was the first – of adding to market turmoil, most recently in February
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