What Is Bridgewater Daily Observations?

Bridgewater Daily Observations is the flagship publication by the largest hedge fund in the world, Bridgewater. The publication has been read for 37 years by central banks and global pension funds. U.S. Treasury Secretary Timothy Geitner and U.S. President Barack Obama read the publication, which some describe as controversial.

Bridgewater has predicted, as of 2014, that 85 percent of public pensions face the possibility of failure over the next 30 years. Public pensions only have $3 billion in assets, while liabilities could grow to $10 billion in the foreseeable future. To fund this gap, pensions need to earn at least 9 percent per year on assets. Bridgewater feels that this is not attainable and that returns are likely to be closer to 4 percent.