Tuesday, 21 February 2017
Last updated 12 min ago
Jul 11 2012 | 1:34pm ET
The man dubbed the world's most successful hedge fund manager was anything but in the first half.
Ray Dalio's Bridgewater Associates, which has posted double-digit returns over the past two years, saw its flagship Pure Alpha fund lose 2.7% over the past six months. Weakness in the dollar and poorly-performing commodity investments hurt the $120 billion firm during the first half, the New York Post reports.
Pure Alpha has returned $35.8 billion for investors since its debut 37 years ago, including $13.8 billion last year, according to LCH Investments.