Saturday, 27 December 2014
Last updated 2 days ago
Jun 22 2011 | 8:53am ET
Bridgewater Associates is in the process of launching one of the biggest new funds ever—a $10 billion vehicle that started trading in November 2010.
According to the Wall Street Journal, the new fund started trading with $2.4 billion in assets and an additional $7.5 billion committed from investors. The paper says roughly half that money represents profits returned to investors from Bridgewater's flagship Pure Alpha fund, the rest is new money from existing Bridgewater clients. A source familiar with the matter told the paper the fund was now closed to new investment.
Commentators see the launch as a further sign of the industry’s recovery from the 2008 financial crisis. Hedge fund assets hit $2 trillion, a record high, in April 2011 according to Hedge Fund Research.
The Westport, Conn.-based Bridgewater said its assets now exceed $100 billion, meaning it has reclaimed its title as the world’s biggest hedge fund.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.