Bridgewater Associates, the world’s biggest and one of the best-performing hedge funds, is betting against Australia’s stock and bond market, according to disclosures made by one of its new exchange traded products.
Bridgewater was founded by high-profile stockpicker Ray Dalio in 1975 and now manages more than $200 billion. On Friday, it unveiled its All Weather ETF in a partnership with funds management group State Street, allowing retail investors to replicate its best-known investment strategy.
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