Brunei makes bridge water on a profitable 20% stake in firm | Company Business News

(Bloomberg) – The Sovereign Wealth Fund of Brunei has raised money from an investment in a Bridgewater Associates strategy to buy a share of almost 20% in the control fund manager – a move that contributed to promoting higher profits for other institutional investors. The Brunei Investment Agency is the latest long -standing customer to buy a piece of the firm founded by Ray Dalio, which managed $ 92 billion on December 31. It is unclear which Bridgewater vehicle Brunei has raised money, although the Sovereign Wealth Fund remains an investor in all the firm’s funds, according to a person who knows the money manager. Bridgewater’s flagship Pure Alpha II, like many Macro funds, has improved its performance over the past few years, but over a longer period the returns were uneven. This means that a long -term investment in the firm itself can be more profitable than bet on its most popular product. Bridgewater has been selling interests to institutions for more than a decade. The Texas teacher retirement system, the Ontario Municipal employees’ pension system, Singapore’s Sovereign Wealth Fund and the International Monetary Fund all bought a piece of the Westport, Connecticut firm. The Texas Teachers Pension Fund invested $ 250 million in Bridgewater’s control company in 2012, reporting that an annual return from 8.7% to 31 March. An investor in Pure Alpha would have achieved an annual return from the beginning of 2012 to June 2025. The fund climbed 11.3% last year and it rose 17% in the first half of this year. Dalio recently completed his exit from the company and sold the final snail of his remaining shares in the money manager he started 50 years ago and resigned from the board. More stories like these are available on Bloomberg.com © 2025 Bloomberg LP