Quant Pioneer Dimensional Buys Bonds That Ray Dalio Hates
- Firm with $650 billion overall has extended duration of debt
- Manager’s views are guided by work of Nobel winner Eugene Fama
This article is for subscribers only.
A quant pioneer with $112 billion in fixed income assets is defying doom-mongers like Ray Dalio as it places a bullish wager on interest-rate risk.
Spurred by groundbreaking insights on systematic investing from its Nobel Prize-winning adviser Eugene Fama, Dimensional Fund Advisors has been extending duration in its core bond portfolios this year.