The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend

In 2018, trading $40 million in capital, Alameda Research had generated $30 million in profits. Their effective altruist investors took half, leaving behind $15 million. Five million of that was lost to payroll and severance for the departing crowd; another $5 million was lost to expenses. On the remaining $5 million they’d paid taxes, and so, afte

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