Friday, 24 October 2014
Last updated 18 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...