Deep inside Bridgewater Associates LP, the world’s largest hedge-fund firm, software engineers are at work on a secret project that founder Ray Dalio has sometimes called “The Book of the Future.” The goal is technology that would automate most of the firm’s management. It would represent a culmination of Mr. Dalio’s life work to build Bridgewater into an altar to radical openness—and a place that can endure without him. At...
Bridgewater Associates, which manages $160bn as the world’s largest hedge-fund firm, is working on a project to allow founder Ray Dalio to live on within the firm even after he's retired. Peculiarities of the company's culture include most meetings being recorded, while employees are encouraged to criticise one another. There are regular assessments of personal weaknesses and performance is continually assessed. The artificial intelligence being developed to replace Dalio may give very specific instructions on what staff should do during the day, including whether to make a particular phone call.