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GREENWICH,
Conn.- Greenwich Library is thrilled to announce
that Ray Dalio, founder and CIO mentor of Bridgewater
Associates, is the recipient of this year’s Peterson
Business Award. The award will be presented by Connecticut
Governor Ned Lamont at a special award dinner on April
4, 2024, at the Hyatt Regency Hotel in Greenwich,
Connecticut. Individual tickets and tables for the event are
available at greenwichlibrary.org/peterson.
Ray Dalio is a global macro investor who founded Bridgewater
Associates out of his two-bedroom apartment in New York City
before moving to Connecticut, and ran it for most of its 47
years, building it into the fifth most important private
company in the United States, according to Fortune magazine.
His investment innovations (e.g., risk parity, alpha
overlay, and All Weather) changed the way global
institutions approach investing. He has been a valued
macroeconomic advisor to many policymakers around the world.
Because of the impact his thinking has had on global
macroeconomic policies, he was named by TIME magazine
as one of the “100 Most Influential People in the World.”
Today, Ray remains an investor and mentor at Bridgewater and
serves on its board. He is also the #1 New York Times bestselling
author of Principles: Life and Work (2017), Principles
for Navigating Big Debt Crises (2018), and Principles
for Dealing with the Changing World Order (2021). Ray
graduated with a Bachelor of Science degree in Finance from
C.W. Post College in 1971 and earned an MBA degree from
Harvard Business School in 1973. He has been married to his
wife Barbara for more than 40 years, with three sons and
five grandchildren.
“We are delighted to honor Ray Dalio with the Greenwich
Library Peterson Business Award,” said Greenwich Library
Board of Trustees President Peggy Edersheim Kalb. “Ray
exemplifies how dedication, hard work, and a truly global
outlook can transform an industry and a community. His
achievements in finance and his incredible philanthropic
efforts around the world, and especially here in Greenwich,
make him a perfect recipient of the Peterson Business
Award.”
The Peterson Business Award was established in 1997 by
Greenwich Library and the Peterson Foundation to recognize
and honor an individual whose innovative thinking,
leadership and sustained record of achievement has had a
profound impact on the national and global economy, and
whose words and deeds have demonstrated a commitment to
intellectual freedom and open access to information.
Previous Peterson Business Award recipients have included
some of the country’s most prominent corporate leaders:
Louis V. Gerstner, Jr. (1997), former chairman and CEO of
IBM; Sanford I. Weill (2000), former chairman of Citigroup;
William B. Harrison, Jr. (2002), former chairman and CEO of
JPMorgan Chase; Dr. Henry A. McKinnell Jr. (2004), former
chairman and CEO of Pfizer Inc.; Thomas J. Neff (2006),
chairman of Spencer Stuart; Indra Nooyi (2008), former
chairman and CEO of PepsiCo; Peter T. Grauer (2010),
chairman of Bloomberg L.P.; Robert K. Steel (2012), former
New York City deputy mayor for Economic Development; Robert
B. Goergen (2014), founder and executive chairman of Blyth,
Inc.; Barry Sternlicht (2016), founder, chairman, and CEO of
Starwood Capital Group; Lawrence R. Ricciardi (2018),
president of the Board of Trustees at the Morgan Library &
Museum, and senior advisor to Lazard Frères & Co., Jones
Day, and IBM; Cliff Asness (2020), founder and chief
investment officer of AQR Capital Management; and Chuck
Royce (2022), chairman and portfolio manager at Royce &
Associates.
The Peterson Business Award is named in honor of Clementine
Lockwood Peterson, whose 1992 bequest of $25 million to
Greenwich Library made possible a new 32,000 square-foot
wing at the Greenwich Library. Designed by renowned
architect César Pelli, this wing contains expanded business
and music collections. Mrs. Peterson’s gift was made in
memory of her son, Jonathan, and her husband, J. Whitney
Peterson. The Peterson Business Award was conceived to
celebrate Mrs. Peterson’s extraordinary generosity and to
recognize outstanding business leadership.
Governor Ned Lamont, who will be presenting the award to Ray
Dalio, is in his second term as Governor of Connecticut.
Governor Lamont is a graduate of Harvard College and has an
MBA from Yale University. He launched his company, Campus
Televideo, in 1984, taking on the large and established
giants of the telecom industry, and grew the company to
serve more than 400 of America's largest college campuses
and one million college students across the nation. Before
becoming governor, Governor Lamont served on both the
Greenwich Board of Selectmen and the Board of Estimate and
Taxation and spent four years as Chairman of the State
Investment Advisory Council. He is a professor of political
science and philosophy at Central Connecticut State
University. Governor Lamont and his wife, Annie, have three
children.
Co-chairs for 2024’s Peterson Dinner are Susan Bevan,
Lawrence Codraro, and Sharon Phillips. For additional
information on sponsorship or group tickets, please contact
Lisa Mandel, Greenwich Library Development Director, at
(203) 622-7957 or lmandel@greenwichlibrary.org.
About Greenwich Library
The Greenwich Library system consists of the Main Library
and its Byram Shubert and Cos Cob branches. The mission of
Greenwich Library is to provide exceptional resources,
programs and services that promote the joy of lifelong
learning and discovery, and to offer a welcoming place to
gather and share experiences. With 1,800 programs and events
per year, the Library seeks to serve as the cultural and
intellectual crossroads of the community. Greenwich
Library’s circulation is among the highest of public
libraries in Connecticut and has been named a five-star
library by Library Journal for11 of the past 12 years for
the high number of patron visits, circulation, use of public
computers and program attendance. Greenwich Library is
located at 101 West Putnam Avenue in Greenwich. Cos Cob
Library is located at 5 Sinawoy Road in Cos Cob. Byram
Shubert Library is located at 21 Mead Avenue in Greenwich.
More information is available online at www.greenwichlibrary.org or
by calling 203-622-7900.
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