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Ray Dalio eclipses George Soros as most successful fund manager

  
  Education
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Bridgewater founder with ‘radically transparent’ approach to investing has the last laugh

Almost 40 years ago, a young Harvard graduate called Ray Dalio was trading futures at a brokerage called Shearson Hayden Stone. His boss was one Sandy Weill, who would go on to become famous as chairman and chief executive of Citigroup.

It was a promising start in finance. But the promise did not last long: Wall Street legend has it that after just a year in the job Dalio was sacked for taking a stripper to a client presentation.

Such a debut could have led to the rookie drifting off into obscurity – or just as easily have been the beginning of prolonged fame. Yet neither happened.

Instead, the son of a jazz musician sloped off and founded his own hedge fund, Bridgewater, from a two-bedroom apartment. It took three decades operating out of Westport, Connecticut before people outside the sector started to talk about Dalio once again.

The credit crisis was the trigger that propelled the money manager’s name back into Wall Street conversation, after providing him with the platform to outshine rivals and reap massive rewards.

This week the 62-year-old’s fortune was put at $10bn (£6.3bn) in Forbes’s latest list of billionaires. Last month he was lauded as the most successful hedge fund manager in history, after new rankings compiled by LCH Investments showed the $13.8bn that his Bridgewater Pure Alpha fund made in 2011 had propelled Dalio past the grandaddy of hedge fund investing, George Soros, in terms of returns to investors. (more…)

Mera Bharat Mahan -37% population below Povery line

  
Analysis, Economy, Education
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WHEN THE Indian Planning Commission finally accepted that the number of people living below the poverty line in India is 37.2 per cent of the total population then most of the people, who have always questioned the government claims of overall growth and development had the last laugh.

Finally the government itself has accepted its failure to bring about an all inclusive development in India. Though from time to time the government spends crores to show the middle-class Indians that it is doing the best for an all-inclusive growth but in reality still a lot needs to be accomplished to make India a true super power. A country can never rise to upper levels with a massive 37.2 per cent of its population living under the poverty line. One assumes that that is an official and conservative figure. The actual figure will cross 50 per cent quite easily.

From time to time, several schemes have been launched by the government for the development of the people living below the poverty line. But implementation has remained a big failure in case of all such schemes. Moreover, most of the BPL tagged Indians need to bribe various officials to prove that they are really poor. Such anomalies in the system will never bring good results for the country of India. That is for sure.

There are a;sp some allegations that it is pretty easy to get a BPL card in India just by bribing corrupt officials. Such a process deprives the original or genuinely poor Indians from getting their dues. So, the government must do something in order to identify the real persons, who fall in the below poverty line segment. Otherwise, no all-inclusive growth is possible without the correct measure of the real BPL community. Moreover, the various people’s groups must also take some initiatives to force the government to take action against the corrupt officials and make the system clean.

 
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