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Bob Prince, Co-Chief Investment Officer at Bridgewater speaking at the WMI Distinguished Leaders Series event held on October 26, 2016 at Marina Bay Sands

WMI's Distinguished Leaders Series with Bridgewater

According to the Wall Street Journal in an article published in February 2016, Bridgewater is the most successful firm in the hedge-fund industry. Since inception in 1975, Bridgewater has earned $45 billion for its investors, more than any other hedge-fund manager. Its main hedge fund, Pure Alpha, has posted an average annualised return of 13%, after fees, over its lifetime. Thus it should be no surprise that the recent Distinguished Leaders Series hosted by the Wealth Management Institute (WMI) and facilitated by Bob Prince, the Co-Chief Investment Officer of Bridgewater, was a sell-out success.

Over 100 wealth management professionals, senior leaders from over 20 private and consumer banks, asset management firms and leading academic and financial institutions attended the event on October 26, 2016 at Marina Bay Sands, which showcased Bridgewater's fundamental principles of Investment Management Culture. Mr Prince shared his point of view on what drives economic growth in countries, notably, productivity (which is the value added from an individual's work that usually increases over time but may not vary much), as well as debt cycles, which can often be self-correcting in the short term and self-reinforcing in the long term.

    During his discussion, Mr Prince also highlighted several key topics such as:
  • Understanding economies and markets through transactions
  • Timeless and universal principles of investing
  • Constructing successful investment portfolios
  • Asset allocation strategies – the goals of a beta vs. alpha portfolio
  • Building effective culture and management processes

Mr Prince manages over USD 150 billion in assets with his partners Ray Dalio and Greg Jensen. He has been a partner at Bridgewater for over 29 years and has served on Bridgewater's Management Committee since its inception

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About the Distinguished Leaders Series

WMI's Distinguished Leaders Series (DLS) brings together global thought leaders from diverse backgrounds to share their views on major issues and trends shaping markets and investments in the world today, as well as in the future. This series, which launched at the start of 2016, represents one of the major WMI programmes designed to help professionals grow and continue to develop in a meaningful and beneficial way. Past DLS speakers have included, Mr Zhang Lei, Chairman and CEO of Hillhouse Capital Management Group and Mr Lim Chow Kiat, Deputy Group President and Group CIO of GIC.

About Bridgewater

Bridgewater is an American investment firm founded in 1975, which serves institutional clients including pension funds, endowments, foundations, foreign governments and central banks. Bridgewater has been recognised worldwide as a top-performing manager and an industry innovator. The company has received over 50 industry awards and various recognitions in the past 10 years. Since 2009, Bridgewater has been a partner of WMI's flagship programme, the Master of Science in Wealth Management (MWM), which is ranked 1st in Asia and 3rd in the world by the Financial Times Masters in Finance ranking.

Did you know...

Bridgewater was one of the few firms whose all-weather portfolio achieved positive performance during the 2008 financial crisis.