Wednesday, 24 August 2016
Last updated 8 hours ago
Mar 7 2014 | 3:17am ET
It is only two months old, but 2014 is already looking better for Bridgewater Associates than 2013.
Bridgewater, the world’s largest hedge fund, saw its flagship Pure Alpha fund rise 3.04% last month, Reuters reports. The gain, Pure Alpha’s biggest in seven months, leaves the $80 billion fund up 2.89% on the year.
Bridgewater reportedly profited from gold’s 7% spike last month.
Still, the fund continues to lag the broader markets, which jumped more than 4% last month. Pure Alpha returned only 5.25% last year, while the Standard & Poor’s 500 Index soared more than 30%.