Bloomberg Businessweek

The Little Pension That Dumped Dalio

A California retirement plan parts ways with a big, expensive Bridgewater hedge fund
Dalio

With $2.9 billion in assets, the San Joaquin County pension fund is a small-fry retirement plan. By contrast, Bridgewater Associates is a hedge fund colossus, with $160 billion in assets under management.

That hasn’t stopped the Northern California fund from taking the firm run by famed investor Ray Dalio to task. After reviewing an investment for more than a year, the county decided in January to pull its entire

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