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The hedge fund king

Ray Dalio talks about his approach to investing, and his life philosophy.

Mr Dalio has a net worth equivalent to more than 5 per cent of Singapore's GDP and readily admits: "I have quite a bit of excess money."

IN 1994, the Government of Singapore Investment Corporation (GIC) recruited a small and little-known hedge fund in the US called Bridgewater Associates as one of its external fund managers. Led by a maverick founder named Ray Dalio, Bridgewater had a staff of 39, an unorthodox approach to