Tag: Ray

Northrop’s colossal Manta Ray underwater drone passes at-sea tests

Northrop Grumman’s massive Manta Ray underwater test bed completed at-sea trials this year, validating its ability to operate below the waves and with minimal human contact. In a photo first shared with C4ISRNET, the prototype is seen just below the surface of the water, with one fin and part of its almond-shaped body breaking through. […]

Ray Dalio’s Famous Trade Is Sputtering and Investors Are Bailing

(Bloomberg) — It was an irresistible pitch. Give us your money, executives at Ray Dalio’s Bridgewater Associates and other hedge funds said, and we’ll funnel it into a money-minting, sure-thing strategy for the long haul. But now, after five years of sub-par returns, many of the institutional investors who sunk large sums into risk-parity funds, […]