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☆ American Companies' China Profits Are Declining; Increased War Chance
▼ + stars: | 2024-09-22 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Without the promise of profits, American firms are also becoming less willing to go to bat for China — to reinforce the idea that China's market is crucial to the success of their futures. No demandAfter pandemic lockdowns ended in 2023, the Chinese economy experienced what is known on Wall Street as a "dead cat bounce." What money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. Related storiesWhat money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. It gives corporations, already under financial pressure as China's economy declines, even less reason to act as interlocutors encouraging stability between Washington and Beijing.

Persons: Washington —, Xi Jinping, Lee Miller, lockdowns, They're, Xi, Yi Gang, Michael Pettis, Tesla, Elon Musk, it's, Ball, Jamie Dimon, It's, China's, Goldman Sachs, Ray Dalio, seeping, Miller, Kamala Harris, Donald Trump, Harris, —, Trump, Biden, we're, Cordell Hull Organizations: Apple, Nike, Chinese Communist Party, People's Bank of, Carnegie Endowment, China Business Council, Starbucks, Street, Bridgewater Associates, Beijing, East Asia State Department, CCP, Trump, State Department, Republicans, Financial, Broadcom, Nvidia, Biden Administration Locations: China, America, Beijing, Washington, American, South China, Taiwan, People's Bank of China, Shanghai

☆ Ray Dalio says the Fed faces a tough balancing act as the economy faces 'enormous amount of debt'
▼ + stars: | 2024-09-19 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Ray Dalio, Bridgewater Associates co-chairman and co-chief investment officer, speaks during the Skybridge Capital SALT New York 2021 conference. Brendan McDermid | ReutersAs the U.S. Federal Reserve implemented its first interest rate cut since the early Covid pandemic, billionaire investor Ray Dalio flagged that the U.S. economy still faces an "enormous amount of debt." The central bank's decision to cut the federal funds rate by 50 basis points to a range of 4.75% to 5%. On Wednesday, Dalio listed debt, money and the economic cycle as one of the top five forces influencing the global economy. The country's central bank only recently lifted interest rates in March this year.

Persons: Ray Dalio, Brendan McDermid, CNBC's, Dalio, Donald Trump, Kamala Harris Organizations: Bridgewater Associates, Reuters, U.S . Federal Reserve, Federal, U.S . Treasury Department Locations: U.S, Japan

☆ Ray Dalio calls upcoming U.S. election the most consequential of his lifetime
▼ + stars: | 2024-09-19 | by ( Christine Wang | In Christinejwang | ) www.cnbc.com time to read: +1 min

Ray Dalio said the 2024 U.S. elections will likely be the most important of his lifetime and he thinks the country needs a "strong leader of the middle." "As far as the election goes, it's going to be the most consequential election of my lifetime because we now have irreconcilable differences between the two sides," he said. "The first question we'll ask is: will we have an orderly transition of power? We have the question- the fact that it is possible — that election results may not be accepted — that's quite something." On Wednesday, Dalio had named the elections as a major force shaping the global economy, calling it an "issue of internal order and disorder."

Persons: Ray Dalio, Dalio Organizations: Bridgewater Associates, CNBC Locations: U.S

☆ Ray Dalio says the U.S. needs a strong leader of the middle and 'broad-based prosperity'
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRay Dalio says the U.S. needs a strong leader of the middle and 'broad-based prosperity'Ray Dalio, founder of Bridgewater Associates, explains that while the U.S. has pockets of exceptionalism, those elements only benefit a small sliver of the population.

Persons: Ray Dalio Organizations: Bridgewater Associates Locations: U.S

☆ Ray Dalio names the top five forces shaping the global economy
▼ + stars: | 2024-09-18 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Dalio made his remarks Wednesday ahead of the U.S. Federal Reserve's interest rate decision. Debt, money and the economic cycleWith uncertainty still circling around what the Fed will do at its meeting this week, Dalio raised concerns about how the country's debt will be managed. 'Acts of nature'Dalio then said "acts of nature" have historically posed a bigger threat to humanity and society than war. "Acts of nature, droughts, floods and pandemics have killed more people and been responsible for more domestic orders and international orders changing," Dalio noted. According to the World Economic Forum, the climate crisis results in a 12% loss in global GDP for each 1°C increase in temperature.

Persons: Ray Dalio, Dalio, Kamala Harris, Donald Trump Organizations: Bridgewater Associates, Milken Institute Asia Summit, Bloomberg, Getty, SINGAPORE, Milken, Summit, U.S, CNBC Fed, Economic, Technology Locations: Singapore, U.S, U.S . Federal, China, The U.S, South China

☆ Bill Gates-backed startup says a global gold rush for buried hydrogen is picking up momentum
▼ + stars: | 2024-09-12 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Geologic hydrogen — sometimes known as white, gold or natural hydrogen — refers to hydrogen gas that is found in its natural form beneath Earth's surface. Pete Johnson, CEO and co-founder of Koloma, told CNBC that geologic hydrogen is fundamentally an exploration and production business. A primary energy source, such as coal, oil, wind or solar, refers to a natural energy source that has not been altered or converted. It's within this context that momentum has been growing over the potential of geologic hydrogen. Ellis said that just a small percentage of geologic hydrogen recovery might well be enough to supply all the projected demand for 200 years.

Persons: Bill Gates, Jeff Bezos, Pete Johnson, Koloma, Ray Dalio, Virgin Group's Richard Branson, Alibaba's Jack Ma, Koloma Koloma's Johnson, there's, Johnson, Alex Halada, Geoffrey Ellis, Ellis Organizations: Geological Agency of, Ministry of Energy, Mineral Resources, Nurphoto, Getty, CNBC, Khosla Ventures, Fund, United Airlines, Breakthrough Energy Ventures, Bridgewater Associates, Rystad Energy, Afp, Energy Resources Program, . Geological Survey Locations: Pute Jaya, Morowali Regency, Central Sulawesi Province, Indonesia, U.S, Denver , Colorado, Canada, Australia, France, Spain, Colombia, South Korea, Russia, Ukraine, Germany

☆ What is ‘founder mode?’ The meaning behind the latest Silicon Valley buzzword
▼ + stars: | 2024-09-11 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —The battle over “founder mode” versus “manager mode” is one of those manufactured dramas that only a small segment of the world cares about — like going to Davos or Cannes or the Vanity Fair Oscar Party. The idea is that a founder knows their company the way a parent knows their child. Graham doesn’t really define founder mode because every founder and every firm is different. I’ll offer another: Ray Dalio, the founder of Bridgewater, one of the world’s biggest hedge funds. The most successful “founder mode” guys (they’re almost all male, as far as I can tell) seemed to always have a trusted manager by their side.

Persons: CNN Business ’, Paul Graham, Graham, ” Graham, Brian Chesky, Chesky, Steve Jobs, It’s, Graham doesn’t, Jobs, Jeff Bezos, Elon Musk, Nvidia’s Jensen Huang, Ray Dalio, narc, Rob Copeland, ”, Rich Hagberg, Ashley Herd, Jessica Lessin, “, Tim Cook Organizations: CNN Business, New York CNN, Bridgewater, New York Times, LinkedIn Locations: New York, Davos, Cannes, Silicon Valley

☆ Enough data out of earnings to point toward consumer slowing, says Trivariate's Adam Parker
▼ + stars: | 2024-08-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnough data out of earnings to point toward consumer slowing, says Trivariate's Adam ParkerTrivariate's Adam Parker and Bridgewater's Rebecca Patterson join 'Taking Stock' to talk the week's market action and what it means for the major indices moving forward.

Persons: Trivariate's Adam Parker Trivariate's Adam Parker, Bridgewater's Rebecca Patterson

☆ Watch CNBC's full interview with Trivariate's Adam Parker and Bridgewater's Rebecca Patterson
▼ + stars: | 2024-08-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Trivariate's Adam Parker and Bridgewater's Rebecca PattersonTrivariate's Adam Parker and Bridgewater's Rebecca Patterson join 'Taking Stock' to talk the week's market action and what it means for the major indices moving forward.

Persons: Trivariate's Adam Parker, Bridgewater's Rebecca Patterson Trivariate's Adam Parker, Bridgewater's Rebecca Patterson

☆ A cooling economy doesn't mean a recession or inter-meeting Fed cut, says Rebecca Patterson
▼ + stars: | 2024-08-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA cooling economy doesn't mean a recession or inter-meeting Fed cut, says Rebecca PattersonRebecca Patterson, Fmr. Chief Strategist at Bridgewater Associates, joins 'Fast Money' to talk what dragged the markets down today.

Persons: Rebecca Patterson Rebecca Patterson, Fmr Organizations: Bridgewater Associates

☆ This AI-powered financial advisor has quickly gained $20 billion in assets
▼ + stars: | 2024-07-31 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

Westend61 | Getty ImagesAn automated financial advisor called PortfolioPilot has quickly gained $20 billion in assets in a possible preview of how disruptive artificial intelligence could be for the wealth management industry. The world's largest wealth management firms have rushed to implement generative AI after the arrival of OpenAI's ChatGPT, rolling out services that augment human financial advisors with meeting assistants and chatbots. "People are fed up with cookie-cutter portfolios," Harmsen told CNBC. Global Predictions targets people with between $100,000 and $5 million in assets — in other words, people with enough money to begin worrying about diversification and portfolio management, Harmsen said. After realizing it could have a broader use, Harmsen began building a team for Global Predictions, including three former employees of Bridgewater Associates, the world's largest hedge fund.

Persons: PortfolioPilot, Alexander Harmsen, OpenAI's, Morgan Stanley, Harmsen, we'll Organizations: Global, Morado Ventures, NEA Angel Fund, CNBC, Bank of America, Bridgewater Associates Locations: San Francisco

☆ Scientists discover ‘dark’ oxygen being produced more than 13,000 feet below the ocean surface
▼ + stars: | 2024-07-22 | by ( Katie Hunt | ) edition.cnn.com time to read: +13 min

It’s also possible, these scientists warn, that deep-sea mining could disrupt the way carbon is stored in the ocean, contributing to the climate crisis. A documentary about deep-sea mining that Sweetman watched in a hotel bar in São Paulo, Brazil, unleashed a breakthrough. However, several countries, including the United Kingdom and France, have expressed caution, supporting a moratorium or ban on deep-sea mining to safeguard marine ecosystems and conserve biodiversity. Earlier this month, Hawaii banned deep-sea mining in its state waters. Many unanswered questions remain about how dark oxygen is produced and what role it plays in the deep-sea ecosystem.

Persons: Andrew Sweetman, they’re, ”, Sweetman, ‘, SAMS, I’ve, “, Franz Geiger, ’ ”, Geiger, Charles E, Emma H, Morrison, Daniel Jones, Beth Orcutt, Orcutt, Craig Smith, Smith, Camille Bridgewater, Hawaii’s Smith, ” Geiger, Diva Amon, ” Sweetman Organizations: CNN, Clarion, Scottish Association for Marine Science, Nature, NHMDeepSea, SMARTEX, International, Authority, UN, AA, Northwestern University, Northwestern’s Weinberg College of Arts and Sciences, National Oceanography, Bigelow Laboratory, Ocean Sciences, University of Hawaii, Geological Survey, University Locations: São Paulo, Brazil, Evanston , Illinois, Southampton, England, Maine, Mānoa, Jamaica, United Kingdom, France, Hawaii, Clarion

☆ Why former Bridgewater chief strategist has been 'skeptical' about small caps for the last few years
▼ + stars: | 2024-07-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy former Bridgewater chief strategist has been 'skeptical' about small caps for the last few yearsRebecca Patterson, former Bridgewater chief strategist, joins 'Power Lunch' to discuss markets and the small-cap rally.

Persons: Rebecca Patterson Organizations: Bridgewater Locations: Bridgewater

☆ Watch CNBC's full interview with Bridgewater Associates founder Ray Dalio
▼ + stars: | 2024-07-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Bridgewater Associates founder Ray DalioBridgewater Associates founder Ray Dalio joins Money Movers to discuss how Trump's assassination attempt fits into Dalio's worldview of where U.S. internal conflict goes from here, what worries him about the American economy, and much more.

Persons: Ray, Bridgewater, Ray Dalio Organizations: Bridgewater Associates, Movers

☆ Ray Dalio makes the case for gold as the precious metal hits new record high
▼ + stars: | 2024-07-16 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Ray Dalio believes gold deserves a significant portion of one's portfolio, saying the precious metal is still appealing even at record highs. @GC.1 YTD mountain Gold futures "If you were neutral, gold is an under-owned, relatively attractive asset right near its highs in the market," he said. Lower rates typically benefit the non-interest bearing precious metal. Gold futures advanced 1.5% to $2,465.30, topping the previous high of $2,454.20 reached May 20. The futures rose as high as $2,467.30 an ounce on the session.

Persons: Ray Dalio, Dalio Organizations: Bridgewater Associates

☆ Billionaire Ray Dalio outlines the 3 strategies Democrats could use to deal with Biden, the 'emperor who has no clothes'
▼ + stars: | 2024-07-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Dalio, the founder of the world's largest hedge fund, Bridgewater Associates, wrote a column for Time magazine published Tuesday. "To begin, I want to make clear that I respect, like, and empathize with President Biden and I get that Democrats find themselves in a difficult position," Dalio wrote. "I look at this case like the fable of the emperor who has no clothes," Dalio added. First, the party can retain Biden as its nominee, a path Dalio thinks the party has chosen for now — at least publicly. Related storiesThe billionaire then suggested two alternative strategies, including a "mini-primary plan" where a select group of candidates battle it out to succeed Biden.

Persons: —, Ray Dalio, Joe Biden's, Biden, Dalio, straightforwardness, Kamala Harris, Biden didn't, Donald Trump, Nancy Pelosi, Joe Organizations: Service, Democratic Party, Bridgewater Associates, LinkedIn, Business, Biden, Democratic, BI, Trump

☆ Billionaire Ray Dalio thinks universal basic income is no magic wand — and may even do more harm than good
▼ + stars: | 2024-07-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewUniversal basic income is winning support from some as a powerful tool to combat poverty, but Ray Dalio thinks it could be harmful and pull cash away from better social programs. Dalio is the billionaire founder of Bridgewater Associates, the world's largest hedge fund, and the official mentor to its three co-chief investors. Who are you giving the $1,000 to, and what will they do with that $1,000?" In a follow-up post, Dalio emphasized that he sees the wealth-and-opportunity gap as the "greatest threat" to the US.

Persons: —, Ray Dalio, Dalio, Lex, who'd Organizations: Service, Bridgewater Associates, Business

☆ Inside the Little Britain Inn, where Germans go to pretend to be British
▼ + stars: | 2024-06-30 | by ( Julia Buckley | ) edition.cnn.com time to read: +15 min

Welcome to the Little Britain Inn, a corner of Germany that shall remain forever England. Because that’s the thing about the Little Britain Inn. In fact, the reason the Little Britain Inn exists is because of a cross-cultural argument. The Little Britain Inn also rates 4.8 out of 5 on Google. Some of our best guests have been here eight or 10 times – it’s like they’re our friends.”Today, the Little Britain Inn is going from strength to strength.

Persons: ”, Jack, that’s, there’s, Queen Elizabeth, Prince William, “, Blinders, Julia Buckley, Robin Hood, James Bond, Queen Elizabeth II, . Bean, Jack Sparrow, Alice, Wonderland, the, William, Meghan, Harry, Charles, Camilla, Princess Diana, Brexit Gary Blackburn, Gary Blackburn, Blackburn, Monika, who’s, it’s, who’d, he's, Unkel –, Who, they’d, Union Jack –, England, –, Bean, Agatha Christie, Harry Potter, – Blackburn, traipse, King Charles, Emma Bridgewater, King Charlie's, John Deere, Emily, Alyson, wouldn’t, They’re, Diana, Gary’s Organizations: Germany CNN, England, lifesize Paddington Bears, Paddington Bears, CNN, Paddington Bear, Brit, European Union, EU, Blackburn, Little, Linz –, Royce, Union, Google, YouTube, Regulars Locations: Vettelschloss, Germany, Rheinland, Pfalz, Rhineland, Palatinate, Bonn, West Germany, Cologne, Little Britain, Trafalgar, Little, England, British, German, Poland, Unkel, Linz, London, Blackburn, Guildford, Charles, Cornwall, Birkenstock, Argentina

☆ My internship at Bridgewater Associates felt like a 'Black Mirror' episode
▼ + stars: | 2024-06-23 | by ( Jane Zhang | ) www.businessinsider.com time to read: +11 min

The summer after my sophomore and junior years at Harvard University, I interned at Bridgewater Associates, the world's largest hedge fund. AdvertisementAnd while I definitely see parallels between my time at Bridgewater and that "Black Mirror" episode, I look back fondly on my time there. AdvertisementAuthenticity is a big thing at Bridgewater, so I went into the interview wanting to be completely myself. I worked on a lot of diversity initiatives, figuring out how to make Bridgewater more streamlined and accessible to employees. It helped shape who I am today, especially how I think about feedback, work, and the relationships I have at work.

Persons: Daria Rose, Ray, , I've, Ray Dalio, would've, She'd, Myers, —, we'd, I'd, It's, Dalio, it's, it'd, Ray Dalio isn't, We'd, Jane Zhang Organizations: Bridgewater Associates, Business, Harvard University, Bridgewater, Harvard, Briggs Locations: Ray Dalio's, Bridgewater, Westport , Connecticut, janezhang@businessinsider.com

☆ Inside Schonfeld's macro shake-up: Research turnover, PM changes, and a shift away from big bets
▼ + stars: | 2024-06-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A move away from big-time directional strategies is not a surprise. Plenty of funds that made their name on bold macro predictions have been humbled in the last 18 months. At Schonfeld, macro is still somewhat new for the firm. Several people familiar with the firm told Business Insider that he lost money while at the manager.

Persons: —, Colin Lancaster, Brent Cook, Eisler, Igor Ninkovic, Jaime Valle, Jerome Saragoussi, Ben Melkman, Brevan Howard, Jordan Barnes, Rahul Mehra, Karthikeyan, Yasmin Sahin, Said Haidar's, Sharpe, Lancaster, Melkman, Marc Tishfield Organizations: Service, Business, United Arab Emirates, Schonfeld, Bridgewater, Barclays, Citi, Matador Investment Management, Millennium Locations: York, Europe, Dubai, London, Bridgewater, Melkman, Schonfeld, New York

☆ Singapore’s 'shophouses' are catching the eye of the rich, with some forking out tens of millions
▼ + stars: | 2024-06-17 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

SINGAPORE — The ornate, colorful "shophouses" that line the streets in some old neighborhoods of Singapore are not what immediately comes to mind when people think of the city-state. In a country where land is scarce and public housing can cost more than a million, these two- or three-story shophouses can cost tens of millions. Shophouses are colonial-era buildings — with some built as early as the 1840s — that are under a government conservation program. From Jack Ma's wife to Hong Kong superstar Jackie Chan, as well as Spanish tycoon Ricardo Portabella Peralta, the rich and famous are reportedly among the buyers of Singapore's shophouses. Renowned Bridgewater founder Ray Dalio was also recently identified as a buyer of two shophouses along Singapore's Club Street.

Persons: Jack Ma's, Jackie Chan, Ricardo Portabella Peralta, shophouses, Ray Dalio, Knight Frank Organizations: Hong Kong, Bridgewater, Singapore's, Street, CNBC Locations: SINGAPORE, Singapore, Hong

☆ See the private island outside NYC that a hedge-fund exec is listing for $35 million
▼ + stars: | 2024-06-07 | by ( Geoff Weiss | Dan Latu | ) www.businessinsider.com time to read: +1 min

Bridgewater Associates' Greg Jensen has listed Rogers Island for a cool $35 million. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Greg Jensen, Bridgewater Associates' co-chief investment officer, has listed his Rogers Island property in Connecticut for $35 million, The Wall Street Journal first reported. The private island — which Jensen purchased for roughly $22 million in 2018, according to the Journal — is roughly 7.7 acres and has multiple houses, a tennis court, and a putting green.

Persons: Greg Jensen, Rogers, —, Jensen Organizations: Bridgewater Associates, Service, Street Journal, Business Locations: Thimble, Connecticut, New York City

☆ Trump is a convicted felon. Here's what it means for the former president.
▼ + stars: | 2024-05-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the historic guilty verdict against former President Donald Trump . In a historic verdict, former President Donald Trump was convicted of all 34 criminal counts related to a hush-money payment made to a porn star , write Business Insider's Laura Italiano, Jacob Shamsian, and Natalie Musumeci. AdvertisementIt's the first time a US president has become a convicted felon. This was a rigged trial by a conflicted judge that was corrupt," Trump told reporters in the Manhattan courtroom hallway. Trump told reporters Thursday the "real verdict is going to be November 5 by the people."

Persons: —, Donald Trump, Tyler Le, Laura Italiano, Jacob Shamsian, Natalie Musumeci, Trump, Stormy Daniels, BI's Lloyd Lee, There's, didn't, Chip Somodevilla, Scott Eisen, Joe Biden, Alyssa Powell, Rob Arnott, Bob Elliott, Paul Singer's, Jane Street, Jenny Chang, Rodriguez, Liz Reid, Satya Nadella, Sam Altman, Nadella, Kevin Dietsch, Charles Schwab, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Republican, Trump, NBC, Getty, Wall, Elliott Management, BI, Tech, Sigma, Google, Microsoft, Apple, Big Locations: Giza, Manhattan, Bridgewater, New York, London

We asked seven pro investors to identify the best trades of their careers and explain how the lessons from those decisions still apply today. The CBOE Volatility Index, also known as the VIX, shot above 40, essentially meaning traders were betting that the stock market would be exceptionally rocky over the following month. Jeff Muhlenkamp, lead portfolio manager at Muhlenkamp & CompanyJeff Muhlenkamp Muhlenkamp & CompanyJeff Muhlenkamp's namesake Muhlenkamp Fund (MUHLX) has been in the top 3% of its category in the past half-decade, thanks to trades like one he pulled off on Chinese internet firm Baidu (BIDU). "I pretty much expected, 'OK, if I get a double out of this in five years, I'll be happy' — that's pretty decent money," Muhlenkamp said. He noted that industrials within the Russell Mid Cap value index have returned 116% over the previous five years.

Persons: —, That's, Michael Burry, Warren Buffett, Berkshire, Rob Arnott, Tim Boyle, Arnott, I'd, Bob Elliott, Bob Elliott's, Elliott, Jeff Muhlenkamp, Jeff Muhlenkamp Muhlenkamp, Jeff Muhlenkamp's, Muhlenkamp, you've, Sona Menon, Cambridge Associates Sona Menon, Bryant VanCronkhite, Allspring Bryant VanCronkhite Allspring Bryant VanCronkhite, VanCronkhite, Russell, industrials, James Davolos, Davolos, George Patton, Harley Bassman, Harley Bassman's, Bassman, Merrill Lynch, I'm Organizations: Service, American Express, Business, Research, Bloomberg, Getty, Bridgewater Associates, Treasury, Securities, Muhlenkamp, Baidu, Google, North, Cambridge Associates, Allspring, Horizon Kinetics, Opportunities Fund, Credit Suisse Locations: industrials, West Africa, New York City, Guinea

☆ Prop-trading firms and hedge funds like Point72, Balyasny, and Bridgewater are turning to AI for higher returns. Here's what they pay AI workers.
▼ + stars: | 2024-05-30 | by ( Alex Nicoll | Alex Morrell | Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Read previewFor years, hedge funds and prop-trading firms have relied on massive amounts of data and the workers who analyze it to beat the market. But the promise of generative AI has kicked off a new talent war for AI workers who can level up hedge funds' quantitative strategies with a new generation of transformative technology. This data shows the salaries that hedge funds expect to pay foreign AI workers in 2023, and its disclosure is part of their visa terms. BI also analyzed recent job listings at major hedge fund and prop trading firms to identify what they're paying AI workers. New state laws in places like New York require job listings to include a range of salaries offered for the role, providing further insight into AI workers' salaries.

Persons: —, there's Organizations: Service, Business, Bridgewater Associates, of Foreign Labor Locations: New York

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