Bridgewater Up 23%

Jan 27 2012 | 1:34pm 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.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...