Tag: Ray

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, […]

FTX CEO John Ray has harsh words for Sam Bankman-Fried

FTX CEO John J. Ray III, who is representing the creditors seeking billions in restitution from the defunct crypto trading firm, submitted on their behalf a victims’ statement to Judge Lewis A. Kaplan ahead of Sam Bankman-Fried’s sentencing on March 28, 2024. Bankman-Fried was convicted on seven counts of defrauding investors. Ray did not mince […]