Bob is the Co-Founder, CEO, and CIO of Unlimited, which uses machine learning to create index replication ETFs of 2&20 style alternative investments like hedge funds, venture capital and private equity. Prior to founding Unlimited, Bob was a Senior Investment Executive at Bridgewater Associates where he served on the Investment Committee (G7) and created investment strategies across equities, fixed income, credit, exchange rates, and commodities, including many used in the flagship Pure Alpha fund. He also built and led Ray Dalio’s personal investment research team for nearly a decade.
Prior to co-founding Unlimited, Bob Elliott had spent his career in hedge fund asset management, which typically charges the 2 and 20 fee.
I increasingly recognized that 2 and 20 businesses are really good for the manager, and not that great for the investor. That’s because the managers are very good at generating returns, and they’re also very good at charging very high fees, which means that the investors are not that much better off.