Saturday, 25 April 2015
Last updated 1 day 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…