Monday, 29 December 2014
Last updated 1 hour ago
Jun 25 2013 | 11:15am ET
Bridgewater Associates grew to be the world's largest hedge fund by posting consistently top-of-the-industry returns, but the firm is wilting in the summer heat this year.
Bridgewater's $70 billion All Weather Fund has lost 6% this month and is down 8.5% on the year. Meanwhile, the firm's flagship Pure Alpha Fund is flat in 2013, having lost ground in June. By contrast, the Standard & Poor's 500 Index remains up over 10% on the year in spite of recent losses.
Pure Alpha has $80 billion in assets under management.
All Weather has produced 8.5% annualized returns since its debut in 1996 and rose 14% last year.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.