Tuesday, 6 October 2015
Last updated 40 min ago
Sep 16 2013 | 12:23pm ET
Despite an effort to cut risk, Bridgewater Associates' All Weather Fund extended its losses in August.
The $70 billion risk-parity hedge fund shed a further 1.4% last month and is down about 7% on the year, Reuters reports. The huge fund lost 8.4% in the second quarter, including a 6.22% drop in June.
Bridgewater rejiggered the fund's models in the second quarter after determining that the strategy was too vulnerable to interest-rate volatility. The changes were the first major alterations to the strategy since it launched in 1996.
All Weather aims to return 5% to 7% above cash per year, and returned 14.7% last year.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…