Friday, 28 August 2015
Last updated 1 hour ago
Oct 18 2010 | 12:00pm ET
The world's biggest hedge fund manager, Bridgewater Associates, isn't taking second to anyone when it comes to its returns this year.
The US$88 billion hedge fund's flagship Pure Alpha strategy is up an impressive 31% this year, according to Financial News. The strategy has returned an annualized 14% over the last 19 years, but this year's huge return is something of a comeback, following a disappointing 2009.
Bridgewater would only say that Pure Alpha has "outperformed the market over the last three years by more than 70%."
Pure Alpha currently manages some $56 billion, according to FN. The Westport, Conn.-based firm announced plans in August to keep it there, offering investors the chance to reinvest some of their money in a more liquid version of the fund.
Pure Alpha has been closed to new investment for more than four years.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…