# Bob Elliott

> Bob Elliott is the co-founder, CEO and CIO of Unlimited Funds, a New York firm that uses Bayesian machine learning to replicate the returns of hedge funds, venture capital and private equity inside low-cost ETFs. A Harvard-trained botanist turned macro investor, he spent roughly 15 years at Bridgewater Associates, where he sat on the Investment Committee, helped run the flagship Pure Alpha fund, and built and led Ray Dalio's personal research team for nearly a decade. Today he is one of the most-followed independent macro voices on financial Twitter and the manager behind the HFND and HFGM ETFs.

- **Role:** Co-Founder, CEO & CIO at Unlimited Funds
- **Organizations:** Unlimited Funds, Bridgewater Associates, CircleUp
- **From:** Detroit, Michigan, United States
- **Nationality:** American
- **Education:** BA in History and Science (trained as a botanist), Harvard University
- **Known for:** Co-founded Unlimited Funds and built a machine-learning engine that replicates 2-and-20 alternative strategies inside liquid ETFs, Launched the HFND Multi-Strategy Return Tracker ETF, charging roughly a quarter of typical hedge fund costs, Sat on the Investment Committee at Bridgewater Associates, the world's largest hedge fund

## Career timeline

- **~2005** — Joins Bridgewater Associates
- **2005-2018** — Member of the Investment Committee at Bridgewater; helps run the Pure Alpha fund across FX, sovereign credit and emerging markets
- **2008** — Counsels the U.S. Treasury, the Federal Reserve and the White House during the Global Financial Crisis
- **~2008-2018** — Builds and leads Ray Dalio's personal investment research team for nearly a decade; authors hundreds of Bridgewater's Daily Observations
- **2018** — Leaves Bridgewater
- **2020-2021** — Serves as Head of Venture Capital at CircleUp and advises early-stage startups
- **2022** — Co-founds Unlimited Funds with Bruce McNevin
- **2022-10** — Launches the Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE: HFND)
- **2023-05** — Announces Unlimited's Series A raise to expand replication products and macro content

## Achievements

- Co-founded Unlimited Funds and built a machine-learning engine that replicates 2-and-20 alternative strategies inside liquid ETFs
- Launched the HFND Multi-Strategy Return Tracker ETF, charging roughly a quarter of typical hedge fund costs
- Sat on the Investment Committee at Bridgewater Associates, the world's largest hedge fund
- Built and led Ray Dalio's personal investment research team for nearly a decade
- Authored hundreds of Bridgewater's widely read Daily Observations
- Advised the Treasury, Federal Reserve and White House during the 2008 financial crisis
- Grew to roughly 196K followers on X as a leading independent macro voice

## Latest updates

- **2023-05** — Announced Unlimited's Series A raise to expand 2-and-20 style replication products and grow its macro and investing content for advisors and investors.
- **2025-09** — Featured on RCM Alternatives discussing Bridgewater, botany and breaking the 2/20 mold.

## Links

- Website: https://unlimitedfunds.com
- LinkedIn: https://www.linkedin.com/in/ttoillebob/
- Twitter/X: https://twitter.com/BobEUnlimited

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Profile page: https://yespress.io/bob-elliott
Published by YesPress — https://yespress.io
Last updated: 2026-06-04