Home / Business and Economy / Ray Dalio's Big Bet: Gold ETFs Dominate New Portfolio
Ray Dalio's Big Bet: Gold ETFs Dominate New Portfolio
24 Feb
Summary
- Dalio Family Office disclosed $503 million in US stock investments.
- Over 75% allocated to gold ETFs, with S&P 500 and Treasuries included.
- This marks the first US stock disclosure since the pandemic and Dalio's exit from Bridgewater.
Ray Dalio's family office has disclosed its US stock investments for the first time since the pandemic, with approximately $503 million invested as of year-end. This represents a significant increase from its last reported holdings in early 2021.
The majority of the disclosed portfolio, over 75%, is invested in an exchange-traded fund that tracks the price of gold. Smaller allocations are also present in similar ETFs for US Treasuries and the S&P 500 Index.
This marks a new chapter for the billionaire investor following his complete exit from Bridgewater Associates, the hedge fund he founded and built into the world's largest. Dalio sold his remaining stake and stepped down from the board last year, concluding a succession plan initiated over a decade ago.
Dalio Family Office, which manages private investments and charitable donations, has also been expanding its operations, opening a branch in Abu Dhabi and seeking staff in the US and Singapore. Dalio has recently brought on Steven Kryger and JPMorgan Chase veteran Alma DeMetropolis to help oversee investments and operations.
