Giant Squid Video Made On Dalio's Yacht

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.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…