Research & Insights

MP3 policies were very successful in stimulating a rapid recovery from the pandemic. But this stimulation was applied for too long, resulting in persistent inflation and the need for central banks to slow the economy through aggressive tightening. Explore our research on the current challenges this new environment presents for investors.
Because environmental, social, and governance considerations affect how economies are evolving and how markets are priced, we seek a deep understanding of the ESG issues that are pertinent to our investment approach. We also partner with institutional investors seeking to achieve financial outcomes and have environmental and social impacts within large, liquid, multi-asset portfolios.
Bridgewater is focused on understanding the historical cause-effect relationships of complex economic situations. As we look back at the events of 2008, we invite you to explore some of the crisis-era research and decision making that enabled our investment team to understand what drove the market and helped us weather the greatest financial storm of a generation.
Over twenty years ago Bridgewater Associates pioneered portfolio balancing concepts that came to fruition with the creation of the All Weather asset allocation strategy in 1996. Read more about the concept of balance that lies behind the Risk Parity approach.
The economy is like a machine. At the most fundamental level it is a relatively simple machine, yet it is not well understood. Below we explain timeless insights of how it works and share long term perspectives that illustrate these forces playing out.

Our Research Process

Throughout our history, Bridgewater has focused on building the best possible understanding of global economies and markets. These unique insights drive our innovative investment engine, deliver returns for our clients, and inform global economic policy.

On a mission to uncover timeless and universal investment principles, our unique meritocratic culture and cutting-edge technology allow us to systematize and compound our insights over time so that our collective understanding is greater than that of any individual.

As a global macro-investment manager, we take a diversified approach spanning more than 150 different markets. With deep expertise in portfolio construction and risk management, we develop insights and design strategies to deliver value to our clients through any economic environment.

Selected Insights from Our Research Library
February 12, 2024
Karen Karniol-Tambour, Larry Cofsky, Yusuf Jailani
Co-CIO Karen Karniol-Tambour explains that in a tight economy with high levels of fiscal spending and strong balance sheets, there is limited room for a pickup in private sector borrowing without reigniting inflationary pressures.
January 23, 2024
J Mintzmyer, Kate Dunbar, Jake Davidson
Macro Team Head Kate Dunbar is joined by shipping researcher J Mintzmyer of Value Investor’s Edge to discuss the recent attacks on commercial ships in the Red Sea and the impact of these attacks on global trade and inflation.
January 16, 2024
Co-CIO Greg Jensen joins a panel of industry leaders at the World Economic Forum in Davos, Switzerland, to discuss their views on current conditions and the risks that lie ahead for financial markets over the next 12 months.
January 3, 2024
Karen Karniol-Tambour, Melissa Saphier, John Michael Cassetta
The secular investment landscape looks more like decades past than the last 20 years, while dynamics like AI and climate change will likely shape the world in unprecedented ways. Co-CIO Karen Karniol-Tambour describes this new era of investing.
November 30, 2023
Greg Jensen, Lauren Simon, Josh Moriarty
What happens when cognitive tasks can be done at zero marginal costs? Co-CIO Greg Jensen explores some of the potential impacts that advancements of AI/ML technology could have on companies and the economy, including an extreme scenario that could potentially produce “explosive growth.”
November 8, 2023
Greg Jensen, David Gordon, Daisuke O, Jackson Rumer
The forces that have cushioned the impact of the tightening so far are unsustainable. As past supports fade and rates stay high, we expect balance sheets to deteriorate and growth to gradually grind down. Co-CIO Greg Jensen explains how we expect this dynamic to be the dominant driver of economies and markets over the next 12-18 months.
October 19, 2023
Greg Jensen
In an excerpt from our Q3 CIO call, Greg discusses where we are in the cycle and the implications for investors.
October 2, 2023
Karen Karniol-Tambour, Josh Moriarty
The impacts of AI on the economy will depend both on how the technology evolves and how quickly and effectively it is implemented. Co-CIO Karen Karniol-Tambour shares how we are interpreting the growing literature on the topic and tracking the process in real time.
September 20, 2023
Bridgewater co-CIO Karen Karniol-Tambour joins “Bloomberg Wealth with David Rubenstein” for a wide-ranging discussion on Bridgewater’s current leadership and culture, her career journey, and our outlook on markets and economies.
April 3, 2023
Bob Prince, Aaron Goone, Gurchit Chatha
Differences in macro conditions and the corresponding policy responses and market action are as large as they have been in 40 years. Co-CIO Bob Prince highlights the importance and potential of geographic diversification for investors.
November 30, 2022
Carsten Stendevad, Karen Karniol-Tambour, Daniel Hochman, Jeremy Ng
The publicly traded firms in a handful of emissions-intensive sectors are responsible for about 60% of all global emissions. By allocating capital to climate solutions and carbon improvers in these sectors, investors can make progress toward their net zero goals, even if that leads to higher spot portfolio emissions than if they were to cut these emissions-intensive sectors altogether.
Featured Research
We are constantly monitoring present day events and drawing lessons from history to shape and refine our understanding for how markets and economies work. Explore a collection of our research on topics ranging from debt crises to sustainable investing.
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