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Dalio’s Bridgewater Pushes Into Sustainability Investing

  • The firm plans to open two sustainable funds in 2021
  • ‘There are big shifts afoot in the industry,’ Stendevad says
Ray Dalio
Ray DalioPhotographer: David Paul Morris/Bloomberg
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Bridgewater Associates, the world’s biggest hedge fund, is starting a sustainability strategy, the latest money manager to tap into surging demand for socially and environmentally conscious investing.

Ray Dalio’s firm, which oversees $140 billion of assets, plans to open two sustainable funds in 2021. Bridgewater started advising clients this year on how to manage investments to meet both societal and financial goals. The effort is being overseen by senior investment executive Carsten Stendevad, Chief Operating Officer Brian Kreiter and Karen Karniol-Tambour, director of investment research.