Tuesday, 27 January 2015
Last updated 3 hours ago
Jan 15 2013 | 11:50am ET
The recent capture on video of the elusive giant squid—the tape is set to make its debut later this month on the Discovery Channel—was made possible by Bridgewater Associates founder Ray Dalio.
The billionaire financed the expedition, which took place in June and July. The trip succeeded in videoing the iridescent squid six times; previously, the animal, which resides about 2,000 feet under and is as long as a school bus, had only been seen alive on still photographs.
Dalio owns the yacht and $2 million submarine used in the expedition, CNBC reports. He bought the yacht, the Alucia, two years ago and kitted it out with all manner of scientific equipment.
Dalio was not on the Alucia for the voyage, but is said to be "thrilled" with the results.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…