Bridgewater Moves To Keep Reports Secret

Aug 25 2009 | 12:07pm ET

Transparency may be the buzzword in alternative investment circles these days, but Bridgewater Associates is none-too-happy about too much transparency.

The Connecticut hedge fund giant, which has more than $70 billion in assets under management, is trying to tamp down on the tendency for its daily communiqués with clients to find their way into reporters’ inboxes. Bridgewater began encrypting its electronic communications last week in order to keep them from being forwarded to the press.

Ironically enough, news of the firm’s new policy comes via an e-mail forwarded to the New York Post.

Anticipating a new problem—clients unable to figure out how to get to the firm’s reports—Bridgewater has set up a help desk to guide its investors through the multi-step process, the tabloid reports.

In May, Bridgewater chief Raymond Dalio told the firm’s investors that the Westport, Conn., shop was planning something to keep his words from getting into the wrong hands, such as “the media, competitors and dealers.”


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Opportunities Ahead: Asian Fixed Income and Currency Markets

Apr 24 2015 | 6:18am ET

For hedge funds focusing on Asia, the policy uncertainty, unclear interest rate...

 

Editor's Note