Bridgewater Up 23%

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.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note