How much was invested in Bridgewater by the World Bank's retirement fund?
$1 million
$2 million
$5 million
$10 million
Answer
The World Bank's retirement fund, the International Bank for Reconstruction and Development's Pension Fund (IBRD), has invested $5 million in Bridgewater Associates, the world's largest hedge fund. The investment was made in June 2016 and is part of a broader strategy by the IBRD to diversify its investment portfolio and reduce its reliance on traditional investments. Bridgewater Associates is a Connecticut-based firm that manages over $150 billion in assets.
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