About Your Role

Bridgewater’s mission has always been to understand how the world works and translate that understanding into the best possible portfolios for our clients. The Client Investment Research Analyst role sits at the center of that translation. It is a role unlike others in asset management: you take Bridgewater’s view of the cause-and-effect linkages in economies and markets and put it to work advising the world’s most sophisticated institutional investors.

You will work on the investment problems facing Bridgewater’s institutional clients: sovereign wealth funds, large public pensions, endowments, and other major allocators. The work spans the full range of what these institutions need from a macro investment partner, from synthesizing what’s going on in the world, to considering how to best manage a portfolio from the perspective of each investors’ unique goals and constraints, both strategically and tactically. You will do this alongside Bridgewater’s Strategists, a small group of senior investors appointed by our co-CIOs to lead our work with allocators; as you develop, you will take on more of the investment content those engagements carry.

What the role builds. Over time, you develop what we call proxy CIO judgment: the ability to stand in an institutional investor’s shoes, understand their full set of constraints and objectives, and form a view on how to manage their portfolio both strategically and in view of the macro environment today. You apply Bridgewater’s macro thinking to institutional portfolios and the constraints they operate within. You also develop a working understanding of how large allocators make decisions: their governance, return objectives, liability profiles, and strategic priorities.

Growth and career paths. Analysts progress from building foundational skills through to independent investment practitioner and, for those who continue on the team, into senior leadership roles where they operate as close partners to Strategists. At the senior end, you will hold a view on Bridgewater’s synthesis of the macro environment and portfolio construction, as well as which investment content will most change how our clients think about their portfolios. The capabilities you build here open many paths across Bridgewater’s investment community over time. The specific path depends on your strengths, interests, and how your capabilities develop.

Day-to-day responsibilities include:

Designing analytical approaches to complex investment questions and executing the research from framing through synthesis
Partnering with Strategists, co-CIOs, and asset class research teams to develop investment content for client engagements
Synthesizing Bridgewater’s macro outlook and translating it into investment narratives tailored to each institution’s context
Developing independent views on markets, institutional asset allocation, and the macro environment to inform our work
At senior levels: developing junior analysts, setting team quality standards, and contributing to broader investment research priorities

The anticipated onsite requirement for this role is four days per week at our New York City campus.

About the Departments

AIA: What's happening in AI will likely amount to some of the most consequential technological and societal changes in modern history, and it's increasingly clear that everyone will need a plan for how to navigate them. At Bridgewater, we approach AI from two angles: as investors working to fully capture how AI is reshaping markets and economies, and as practitioners pushing the limits of what AI can do to transform how we manage money. Our central effort as practitioners is building AIA, a fully functional artificial investor designed to meet or exceed human performance across the full range of activities a human investor performs: forming views on markets, sizing positions, and revising them as conditions change. Building on the capabilities and expertise developed along the way, we are also using AI to transform our human-driven process in Pure Alpha.