Bridgewater Launches $2 Billion Fund Run by Machine Learning (1)

Bridgewater Associates launched a fund that uses machine learning as the primary basis of its decision-making.

The vehicle debuted with almost $2 billion of capital from more than a half-dozen clients and began trading Monday, according to people familiar with the matter, who asked not to be identified discussing the strategy.

The hedge fund giant, led by Chief Executive Officer Nir Bar Dea, told investors that it’s leaning on its own proprietary technology that it’s been building for more than a decade. It’s an outcome of a broader venture spearheaded by co-chief investment officer Greg Jensen, and the ...