Tuesday, 28 June 2016
Last updated 45 min 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.