Wednesday, 6 May 2015
Last updated 21 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%.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…