Richest Person In Every State

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14. Connecticut : Ray Dalio

ray dalio

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Ray Dalio is the founder of the world’s biggest hedge fund firm, Bridgewater Associates, which manages some $160 billion. An important part of his empire is the All Weather fund, which makes up about $80 billion of Bridgewater’s assets. It returned 8.6% net of fees in 2014, an important turnaround after the fund stumbled in 2013.

Bridgewater’s big Pure Alpha macro hedge fund returned 3.6% net of fees in 2014, a year in which many macro funds struggled. By comparison, the U.S. stock market, as measured by the Standard & Poor’s 500 index, returned 13.7% in 2014. Bridgewater’s Pure Alpha Major Markets fund, another Bridgewater hedge fund launched in 2010, returned 8.7% in 2014.

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