SRI Cred from Giant Hedge Fund
Ray Dalio wants to see more “social impact investing.” Yes, that Ray Dalio, author of Principles: Life & Work, a best-selling business book that proselytizes for “radical transparency” as guidelines for his hard-charging, high-octane hedge fund firm. As the founder, chairman, and CIO of the $160 billion Bridgewater, the world’s largest hedge fund, Dalio’s comments carry an equally outsized weight. He considers “rising income inequality” the major economic issue of our time, according to the Financial Times, and that “political issues are more important than macro economic issues.” The bottom line? Companies will continue taking positions on social and political issues as policies and events will increasingly affect markets.
John Howell, Editorial Director
Novartis Releases 2017 CR Report