Portfolio Challenges
We are now in a radically different macroeconomic environment—one that poses urgent challenges to markets and portfolios. Today’s mix of global assets reflects the winners of the past paradigm. As a result, many portfolios are more vulnerable than ever to slowing growth, an equity bear market, or US underperformance. They are also geographically concentrated and increasingly illiquid—with little protection against inflation. In short, they are not resilient. Explore a selection of insights on how investors can adapt and prepare for what’s ahead.
April 21, 2025
In this edited version of our Q1 CIO call, Co-CIO Karen Karniol-Tambour describes how we are processing today’s radically different economic and market environment.
April 3, 2025
Head of the Portfolio Strategist group Atul Lele joins the Fiduciary Investors Symposium in Singapore to discuss the paradigm shift from globalization to modern mercantilism, and how investors can construct resilient portfolios in today’s increasingly complex macroeconomic and geopolitical environments.
March 6, 2025
US equity investors have experienced an extraordinary run. Now the world is changing, with new variables at play, from the AI boom to Trump—presenting distinct opportunities and challenges. How can investors position to continue capturing great returns, given the wide range of ways the world could play out? This paper explores these questions and introduces Bridgewater’s All Weather® approach designed for investors seeking to reliably compound their wealth.
March 26, 2025
As you know, one of the major issues I am focused on as CIO is how America’s shift toward modern mercantilism will affect the global economic order. As the events of the past few weeks indicate, it is sinking in for US trading partners and traditional allies that they will not be able to rely on the US as a consistent partner. Germany pushing through a major defense and infrastructure bill is indicative of where we’re going— with each major US partner finding a new way to live in a new world order.
August 2016: The story of how Bridgewater Associates created the All Weather investment strategy, the foundation of the ‘Risk Parity' movement.
January 2012: How Bridgewater Associates created the All Weather investment strategy.