Bridgewater Making Waves with Dual-Party Valuation

(Pension & Investments) Bridgewater Associates LLC is the first money manager to have instituted a dual-party valuation process for its complicated suite of hedge fund and long-only portfolios with aggregate assets of $150 billion, achieving its goal of having iron-clad confidence in the safety of its assets and the accuracy of portfolio valuations.

Financial administration experts said the process and infrastructure that Bridgewater created with its primary outsourcing partner, Bank of New York Mellon (BK) Corp. (BK), and shadow processor Northern Trust Corp. represents a major milestone that likely will become the gold standard required by asset owners of their money managers.

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