Dalio Steps Back From Management As Rubinstein Might Realize An Algorithm Can’t Replicate His MindMark Melin
When Ray Dalio announced his transition out of management at the world’s largest hedge fund Wednesday, he unwittingly touched on an issue that bedevils the investment industry at large. Perhaps the most difficult aspect of developing a hedge fund can be seen in wearing the dual hats of logical management and that of an often creative investment strategist. This high-wire balancing act is additionally challenging when the unique concept of radical truthfulness and transparency can result in fraying the polite human sensibilities, resulting in nearly 30% of new employees leaving the firm after two years. Jon Rubinstein, the . . .
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