Sunday, 26 June 2016
Last updated 2 days ago
Dec 17 2012 | 10:44am ET
With Ray Dalio's unusual habits and legendary (or infamous) list of 295 principles, Bridgewater Associates has gotten a reputation as something of a corporate cult. But if it is, it’s a cult that makes its members very happy, indeed.
Bridgewater, the world's largest hedge fund with $120 billion in assets, was ranked the third-best place to work among companies with more than 1,000 employees by Pensions & Investments in their annual survey.
Dalio has spent a great deal of energy and money in an attempt to foster an almost familial atmosphere at Bridgewater's Westport, Conn., campus for the firm's 1,300 employees. While much attention is paid to rules barring gossip—on penalty of termination—and what Dalio has called Bridgewater's "radically transparent culture," less has been paid to the amenities the firm, which is planning a move to Stamford, offers its employees, including on-campus recreational facilities, free breakfasts, meditation room and transportation.
"There can be tough moments when you have to say something negative to someone face-to-face," Karen Karnoil-Tambour, an investment associate at the hedge fund, told P&I. "But because we all are on the same team, we owe it to each other to talk about these issues. There is a real sense that we're all on the same mission."