Posted by (01/06/2019 American Life Insurance(Guide.com) In 2018, almost all asset types ended the year with a "down".S & P500 The index is no exception. Regardless of the dividend factor, it has fallen nearly7%.
In such a market environment, Bridgewater, as the world's largest hedge fund, released its investment return data for 2018.Data shows that Bridgewater Fund not only performs better than various indexes, but also surpasses many peers.
Bridgewater’s flagship product: Active Pure Alpha Fund, which has an investment rate of return after deducting various fees14.6%.In the 1991 years since 28, this active Pure Alpha strategic fund has only 3 years of negative returns, and the annual average return rate so far has reached12%.It is this hedge fund that, even in 2008, achieved a return rate of 17%.
Bridgewater Fund, Bridgewater, by Dario (Ray Dalio) Was founded, managed more than $1,600 billion in assets, and traded in nearly 150 different markets around the world.
For some time, the senior management of Bridgewater Fund has been raising the alarm about "growth", and they have expressed their interest in raising interest rates by the central bank a long time ago, as well as the strength of the economy before it caused a sharp decline in the market in the past few months. Worry.
Dario's recent views
"The current conflict indicator is the highest since World War II."
"There is a lot of borrowing in the United States. These debts will face challenges next year, and they will challenge all markets..'
"I think China must become an important part of everyone's investment portfolio. This is a different place, so you have to understand it."
Globalization has reached its peak, and the "conflict indicator" hits the highest level since World War II
1. Our political polarization has become more serious. This is a very important issue.Political polarization has led to populism around the world. (November 2018)
2,I think globalization has reached its peak.We are now in a more de-globalized environment.Because I’m worried about this environment where threats and conflicts can be perceived, I thinkWill generate a de-globalization force. (November 2018)
3,Current conflict indicators are the highest since World War II.This means that there will be more internal conflicts and more bipolar conflicts. (December 2018)
The beginning of the tightening cycle
4. The current economic cycle has entered the seventh phase (seventh inning), and it is estimated that there are about two years left. (September 2018)
5. Upside space seems limited, because a lot of off-market funds have already begun to act, and the benefits of corporate tax cuts "have become a thing of the past" (September 2018)
6. We have a political gap, we have a social gap (reflected in an economic way),We are entering the beginning of the tightening cycle. (November 2018)
7. I think the next recession will be a different type of recession. (Relative to debt problems) Pensions that are not funded, health care problems are more likely to trigger the next recession. (December 2018)
8. The next crisis will not be a big explosion, but will lead to more serious social and political problems.
The end of the cycle is a good time to sell
9, I thinkThe market is quite fragileThis vulnerability also prompted the Fed to re-examine its monetary policy.
Fiscal stimulus will reach a hump-like growth, and there will be a lot of debt in the United States.These debts will face challenges next year,And will challenge all markets. (December 2018)
10. If the economy is strong and stocks go down, it would be a bit weird.It may be at the end of the cycle becauseThere is a sign of austerity, this should be a good time to sell. (November 2018)
11, INot that the U.S. market will decline rapidly, It’s just that it’s more fragile because assets will be more expensive.Because the current economic rebound is more driven by fiscal stimulus from tax cuts, tax cuts make stocks more attractive. (December 2018)
12. I think actuallyThe economies of the world are showing signs of weakness,It is possible that more fiscal stimulus measures and monetary stimulus measures will be introduced in the future. (December 2018)
Don't worry about China's debt crisis
13. In the 1982 (United States) debt crisis, I mistakenly believed that we had the ability to diversify and lower interest rates at the same time.
China has this ability. They pay too much attention to this issue instead of paying attention to productivity growth and how to make changes in productivity growth. (November 2018)
14. I am not worried about China’s debt crisis or China’s debt situation. I believeChina is a very suitable place for long-term investment. (November 2018)
15. I think China must become an important part of everyone's investment portfolio. This is a different place, so you must understand it. (November 2018)
Can individuals invest in Bridgewater Fund?
As an individual investor, can Bridgewater Fund manage and invest in our assets?of course can.However, when you are happy, let's take a look at the investment threshold first.
Bridgewater investors must be mature investors who (i) can bear the risks associated with the trading of futures, commodities, currencies, options, forwards and other fixed income and equity securities derivatives, and (ii) financial and commercial Have sufficient knowledge and experience in matters to assess the investment risk of the fund or account managed by Bridgewater and determine its applicability.
If the appeal conditions sound not specific enough, then the following is more specific:
Bridgewater generally requires customers to have at least US$50 billion in investable assets. Generally, for funds managed by Bridgewater, the minimum initial investment amount is determined by the minimum fee requirements stipulated by different investment strategies, see item 5 for details.
The following is the description of item 5:
For new customers, Bridgewater’sMinimum standard feefor:US$500,000/all-weather investment strategy, US$1,000,000/Pure Alpha and Pure Alpha main market strategies, US$4,750,000/Optimal Portfolio. The Bridgewater Fund often invests in Bridgewater's other funds.In this case, there is no charge.
(American Life Insurance GuideNet editor)
