Bridgewater, one of the world’s largest hedge funds, is joining forces with State Street’s asset management arm to tap retail investors in the latest effort by money managers to look for new customers beyond their traditional strengths.
The partnership announced on Tuesday will start with an exchange traded fund that will track one of Bridgewater’s best-known strategies. State Street Global Advisers has filed plans with the US Securities and Exchange Commission for an “All-Weather” ETF, which seeks to profit in all types of market conditions by holding a wide range of assets.
If approved by the regulator,…
