Bridgewater Gears Up To Launch $10B Hedge Fund

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.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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