桥水Associates那the world’s largest hedge fund firm, is once again at the center of a controversy over its corporate culture. The firm, perhaps best known for its adherence to founder Raymond Dalio’s philosophy of “radical transparency,” is the subject of complaint filed earlier this year with the Connecticut Commission on Human Rights and Opportunities by a former Bridgewater employee, theNew York Times透露on Wednesday.
在投诉中，通过信息法案的自由获得的申请，前桥水员工克里鲁里将该公司描述为“恐惧和恐吓的大坩埚”，并且声称他被监督员反复迫使与他发生性关系，但是当他试图报告2014年5月开始的事件时，该公司的其他顶级经理警告了此事。该Times说它无法独立核实投诉中详述的指控。（Dalio发表了一个冗长的反驳to the story on LinkedIn.)
根据该报告称，自今年1月6日起，塔里一直在桥水上的报酬假设，并提出了两天后提交的投诉。他和布里德沃特在3月份联合询问申诉，没有任何理由的要求。(The report says Bridgewater employees are required to settle disputes via binding arbitration per their employment agreements with the firm.) Tarui, 34, had been with the firm for five years, working as an adviser to large institutional investors in the firm’s funds, meeting with large public pension funds, according to the report.
Meanwhile the National Labor Relations Board filed a separate complaint, which the paper also obtained through a FOIA request, alleging that Bridgewater “has been interfering with, restraining and coercing” Tarui and other firm employees from exercising their rights because it forces the to sign confidentiality agreements when they are hired. That complaint said Tarui was suspended from the firm after he threatened to file a charge with the board. Tarui and his lawyer declined to comment to the Times. The Connecticut complaint details “an atmosphere of constant surveillance by video and recording of all meetings” as well as an office patrolled by security guards, with some employees even asked to lock up their personal phones when they arrive at the office, according to the report.
Dalio famously authored his life rules in a 123-page handbook called Principles, which the firms employees are required to read. Employees are encouraged to challenge each other’s ideas to arrive at the truth, regardless of how painful the process may be. The firm has admitted that meetings are routinely videotaped and played back to employees so that they can learn from their mistakes. In a past面试withAlpha，达利奥承认公司的文化不是每个人的文化，而是将它比作健身亚慱体育app怎么下载房 - 痛苦，但最终值得。
但是Times报告那drawing from details of the complaint and interviews with former Bridgewater employees, describes a more foreboding environment. In the complaint Tarui says he kept the incidents of harassment to himself out of fear that the details would become public and would hamper his chances for a promotion. “The company’s culture ensures that I had no one I could trust to keep my experience confidential,” Tarui said in the complaint, according to the report.
在其反驳中，Dalio指出，该公司历史上一直不愿意与媒体互动 - 如我们报道了- 响应文章中所谓的“扭曲”所谓的“扭曲”。Dalio拒绝评论故事中提到的具体指控，因为“持续的法律程序和维持人们担心的私人担心，他们也将通过耸人听闻的狂热审议，”但是他说了自信该公司与法律一贯处理此案。
至于员工在布里奥尔在布里奥境内举报所谓的事件的指控，Dalio在反驳中表示，雇员通过匿名投诉线选择更敏感的事项，并且有一个内部员工关系团队意味着以处理个人问题的方式用作封闭的机密出口“管理链之外”。达拉里奥也有争议Times故事的表征Bridgewater的录音机会议作为监视文化，称众所周知，会议被录制，使员工能够为自己的公司听到几乎所有讨论。亚慱体育app怎么下载他补充说：“我们将这些磁带提供给员工，因为我们强烈相信，为了拥有一个真实的主意偏执，人们需要自己看待和听到事物，而不是通过别人的旋转。我们也相信糟糕的事情发生了闭门使得这种透明度是健康的。“
Dalio further disputed that some employees are required to lock up their cell phones when they arrive at the office, saying that most of its employees freely carry their cell phones except on the trading floor, where they are prohibited to protect confidentiality of trades. And he said the firm has historically refused to settle legal matters "even though that is not the expedient thing to do," saying, "Like many organizations, we encounter frivolous claims made in an effort to extract financial gain...We choose to contest them instead. At the same time, we have clear policies and standards of behavior, and when we discover behavior inconsistent with them, we act decisively."
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POINT72Asset Management founder Steven Cohen is reportedly investing up to $250 million into a new firm, Boston-based Quantopian, that allocates money to amateur quant traders who devise the best computerized trading strategies and gives them a cut of any profits generated, according to the Wall Street Journal. Cohen is also backing the firm via his family office venture arm, Point72 Ventures, with an undisclosed sum, according to the报告。当量化投资策略变得越来越受欢迎的时候，投资是出现的。大约25个顶级收入的对冲基金经理在阿尔法2016年Rich Listproduced all or some of their gains using computer-driven strategies.
Quantopian告诉论文，它有85,000名来自180个国家的用户，他们在其自由的网络平台上创建了超过40万个算法。根据该报告，兰拓·瓦斯奥拔已选择十十万美元代表其代表几十万美元。目前该平台只是交易美国股票，但该公司计划将其扩展到其他资产课程。迄今为止，获奖交易商包括悉尼，澳大利亚的机械工程师，基于丹佛的数据科学家和基于马耳他的顾问，具有矿物和能源经济学的硕士学位。
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α可能在将来时变得越来越难以捉摸e, but investors shouldn’t give up on hedge funds just yet, according to a new report from PGIM, Prudential Financial’s global investment management arm. The report asks whether alternative assets including real estate, private equity and hedge funds are worth the risk, despite the fact that they have underperformed equities over the past six years. While PGIM found that no hedge fund strategies showed statistically significant positive alpha in the years since the global financial crisis, the sector is still attractive for investors who know what they’re looking for.
一个主要问题是,另类投资strategies tend to be lumped together, which PGIM says prevents investors from understanding the real risk and return implications of different strategies. Funds of funds, equity funds and event-driven funds in particular have the potential to offer better beta for less in fees than more traditional investments, according to the report. PGIM also recommended paying attention to macro and relative value funds, which it said had the lowest risk of drawdowns during the period following the crisis.
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根据华尔街日记，担任伦敦托斯科基金斯科斯卡基金6月份，伦敦的Toscafund资产管理局面损失了14.7％的损失。报告。Toscafund, founded by Tiger Cub Martin Hughes, said in a letter to clients that it thought the vote would be close but that the Remain camp would prevail, adding, “we were not set up well” for the actual result. The fund, managed by Johnny de la Hey, ended June down 21 percent for the year but gained some ground in July, adding 6.5 percent so far this month, the report said. Savvas Savouri, Toscafund’s chief economist, was one of few in the hedge fund industry to argue in favor of Brexit.