Multi-strategy hedge funds have been around for more than three decades. Will they make it to a half century? Ray Dalio, founder of 50-year-old hedge fund Bridgewater Associates has his doubts about this thriving subsector of asset management. The question is whether the flaw he sees in the “multi-strat” model is in fact a feature not a bug.
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Ray Dalio's Hedge Fund Bug Looks More Like a Feature
