Bridgewater Associates, founded by billionaire investor Ray Dalio, went heavy on most of the "magnificent seven" stocks while offloading giants like Cisco Systems and Qualcomm despite posting solid Q1 results, according to the latest company 13F filing.
Dalio's strategies around risk parity to balance risks across asset classes, "Pure Alpha" to attain maximum return-to-risk ratios via active management, and the "All Weather" investments for consistent returns regardless of the economic landscape have helped Bridgewater Associates become the largest hedge fund in the world. The fund manages $124 billion of assets under management (AUM).
