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What it's like to work at the most successful hedge fund in the world, where 30% of new employees don't make it and those who do are considered 'intellectual Navy SEALs'

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bridgewater 60 minutes

  • Though the billionaire Ray Dalio avoids bringing cameras into his hedge fund, Bridgewater Associates, CBS's "60 Minutes" recently got an exclusive look into its day-to-day operations.
  • Here's what it's like to work at Bridgewater, where workers are considered "intellectual Navy SEALs" and nearly one-third of new employees quit after a year.
  • Visit BusinessInsider.com for more stories.

Many employees fear criticizing their peers and managers to their face — but at Bridgewater Associates, the world's largest hedge fund, you could get fired if you don't.

Bridgewater, run by the billionaire Ray Dalio, has a well-documented culture of "radical transparency," where employees routinely judge one another's performance. The corporate culture isn't for the faint of heart — Dalio says about 30% of new employees leave the firm within 18 months.

Dalio even says the hedge fund, in Westport, Connecticut, has a reputation for being the "intellectual Navy SEALs" for its approach to pushing employees.

While Dalio says he avoids lengthy interviews and bringing cameras into his company, the CBS's "60 Minutes" journalist Bill Whitaker recently got an exclusive view of Bridgewater's day-to-day operations.

Here's an inside look at what it's like to work Bridgewater:

SEE ALSO: Why legendary hedge-fund founder Ray Dalio is choosing to explore the sea instead of space like other billionaires

The billionaire Ray Dalio runs Bridgewater Associates, the top-performing hedge fund of all time based on returns since its inception.

Source: MarketWatch



Dalio said his organization was nicknamed the "intellectual Navy SEALS" and that 30% of new hires leave within 18 months.

Source: CBS



Dalio has avoided public interviews inside Bridgewater, but CBS's "60 Minutes" got an exclusive look into what it's like to work there.

Source: CBS



See the rest of the story at Business Insider

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