Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.
Monday, 5 December 2016
Last updated 2 days 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.