Brunei Tweaks Bridgewater Bet to a Lucrative 20% Stake in Firm

(Bloomberg) – Brunei’s Egemen’s Fund attracted money to buy almost 20% shares in the Holding company of the risk protection fund manager from an investment in a Bridgewater Associates strategy – which provides higher gains for other corporate investors.

The Brunei Investment Agency is the last customer who has been the last long -term customer to buy a part of a company founded by Ray Dalio, who managed $ 92 billion on December 31st.

According to a person familiar with the money manager, although the Egemen Fund remains an investor to all funds of the firm, it is not clear which Bridgewater vehicle Brunei withdraws money.

Like many macro funds of Bridgewater’s flagship Pure Alpha II, he developed his performance in the last few years, but for a longer period of time returns were not equal. This means that the firm may be more profitable than betting on the most popular product of a long -term investment.

Bridgewater has been selling shares to institutions for more than ten years. Texas’s Teacher’s Pension System, Ontario Municipal Employees Pension System, Singapore’s Egemen Return Fund and International Monetary Fund, Westport, Connecticut acquired a part of the company.

In 2012, Texas Teachers’ Pension Fund invested $ 250 million in Bridgewater’s Holding Company and reported that it provided 8.7% annual return until March 31.

An investor in Pure Alpha would have won 2% annually from the beginning of 2012 to June 2025. Last year, the fund climbed 11.3% and increased by 17% in the first half of this year.

Dalio recently completed his exit from the company, sold the last snake of his shares in the money manager he started 50 years ago and resigned from the board of directors.

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