Bridgewater CEO Says Firm’s AI Fund ‘Comparable’ to Human Ones
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Bridgewater Associates Chief Executive Officer Nir Bar Dea said a fund it launched last year that uses machine learning and AI to make decisions has delivered performance that’s “comparable” to the firm’s human—led strategies.
Bridgewater set up the $2 billion fund last year, and since then it has generated “unique alpha that is uncorrelated to what our humans do,” Bar Dea said Tuesday at the Bloomberg Invest conference in New York, though he didn’t say specifically how much it has returned to date.