Bridgewater Associates, LP is a large advisory firm based in Westport. It manages $234.86 billion of regulatory assets for 138 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Connecticut and New York.
Bridgewater Associates provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Bridgewater Associates, LP is $234.86 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 230% since the beginning of its operation, and $120.99 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Bridgewater Associates, LP for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to charitable organizations, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of David Harold Mccormick is pooled investment vehicles with 63 clients and $205.97 billion of assets under management. Among the 10 most similar advisory firms, Bridgewater Associates has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $219.83 billion for 103 clients. 50% of the firm’s clients are foreign persons or businesses.
Bridgewater Associates also advises several private funds. Namely, thirty seven hedge funds and one liquidity fund. The minimum investment commitment required of non-related persons ranges from $0 to $75,000,000.
The company employs 1,534 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
David Harold Mccormick has been acting as President since 1 Aug 2009. Timothy John Dalby joined the executive team most recently as the Chief Financial Officer.
The principal office where Bridgewater Associates, LP performs its advisory services is located at One Glendinning Place, Westport, CT 06880, which is also the mailing address of the firm. An additional office of the firm is in Norwalk, CT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 203-226-3030. The normal business hours are 5am - 10pm on Monday - Friday. You can find more information about the New York firm at bwater.com.