The world's largest hedge fund appears to have gotten even larger, and all eyes will be on its CEO, among others, as he prepares to take the stage at Tuesday's Delivering Alpha conference in New York.
Ray Dalio, founder and chairman of Westport, Conn.-based hedge fund Bridgewater Associates, is set to speak at a morning session of the conference, hosted by CNBC and Institutional Investor, alongside former U.S. Treasury Secretary Timothy Geithner at the conference on financial markets. This comes on the heels of a Sunday Financial Times report that the hedge fund has pulled in $22.5 billion in new funds since early 2015 after opening some of its strategic funds to private investors.
And all ears will be tuned to the Bridgewater chief, especially after he's proven capable of raising the new capital throughout a period of general outflows across much of the hedge fund world. (Real Money will attend and report from the morning event.)
The opening keynote will be given by U.S. Treasury Secretary Jacob Lew, whose views on the U.S. economy will be paramount as markets were roiled last Friday after the Federal Reserve sounded a more hawkish tone on potential rate hikes.
And Lew's presentation will be followed by a conversation, "What Happened to Alpha?" centering on how fund managers and investors can navigate uncertain macroeconomic conditions, featuring Mary Callahan Erodes, CEO of J.P. Morgan Asset Management; Ross Margolies, founder of Stelliam Investment Management; Brian Pellegrino, chief investment officer of UPS Group Trust; and Dawn Fitzpatrick, global head of equities at UBS Asset Management.
Paul Singer, founder and president of Elliott Management, is set to give the morning keynote, followed by a best-ideas seminar held by a range of asset management leaders: Impala Asset Management founder Robert Bishop, Kynikos Associates' Jim Chanos and Bill Miller, chairman and chief investment officer of LMM Respondents.