Dalio Philanthropies awards $25 million to Wealth Management Institute

Dalio Philanthropies awards $25 million to Wealth Management Institute

The Wealth Management Institute, a Singapore-based not-for-profit educational and research institute, has announced a $25 million grant from Dalio Philanthropies in support of an initiative aimed at training policy makers and investment professionals in the universal principles of market behavior.

The gift will establish the Dalio Sustainable Market Principles Program, which in 2021 will offer courses in the principles of market behavior with the goal of enhancing the capabilities and expertise of policy makers and asset managers in the nation-state. A portion of the gift may also support research, conferences, and other thought leadership forums.

Ray Dalio, the founder, co-chair and co-chief investment officer of Bridgewater Associates, has advised policy makers and Singapore's sovereign wealth funds since the 1990s.

"I have known Singapore for many decades and have had the privilege of seeing this country develop into a globally admired example of wise governance and management of public investments," said Dalio. "Through this initiative with WMI, my family and I hope we can contribute to Singapore's continued development and enhance the level of investment knowledge and expertise throughout the region."