Saturday, 26 July 2014
Last updated 10 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…