Friday, 19 September 2014
Last updated 3 min ago
Jan 27 2012 | 12:34pm ET
In 2011, Bridgewater Associates showed why it is the biggest—and one of the most respected—hedge funds in the world.
The Westport, Conn.-based behemoth, with almost $120 billion in assets under management, isn't crumpling under the weight of all that money. The firm returned 23% last year—the second-worst for hedge funds on record, when the average fund lost about 5%.
Bridgewater's returns were driven by investments in U.S. and German bonds, as well as on the Japanese yen, The New York Times reports.
The firm returned about 45% in 2010 after earning modest gains in both 2008—the worst year for performance in hedge fund history—and 2009.
This year, Bridgewater has joined the gold bulls, seeking to hedge against inflation. In the same vein, it is betting against a number of emerging-market currencies and the Australian dollar.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.