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Fortune
Fortune
Business
Sarah Glodek

The secret history of Ray Dalio and the creation of Chicken McNuggets—how a 1980s hedge strategy unlocked a whole new menu

Ray Dalio McDonald Bridgewater Bridgewater Associates
(Credit: Amal Alhasan/Getty Images for Fortune Media)

Before Ray Dalio built Bridgewater Associates into one of the world’s largest hedge funds, he was advising clients on a more basic business problem: the cost of feeding chickens.

That expertise, according to Dalio, helped McDonald’s to solve an early obstacle to introducing Chicken McNuggets, now one of its most popular products.

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