Bridgewater Associates AR
AR Magazine Lists Bridgewater Associates as #1 Hedge Fund
Bridgewater Associates has again been named the largest hedge fund firm in the United States. AR Magazine announced that Bridgewater Associates topped the list for the second time--in 2009, Bridgewater was number one with $58.9 billion. Bridgewater's assets grew last year by $15.3 billion.
"The strong performance of Bridgewater's Pure Alpha Fund II, which gained 44.8% during 2010, powered much of this growth," AR said. Hedge funds gained 10.4% on average last year, according to Hedge Fund Research, trailing the 15.1% total return of the Standard & Poor's 500 Index.
Pure Alpha Fund II is a global macro fund that trades on a wide variety of themes and markets, including currencies, debt, equities and commodities.
Dalio, whose firm has more than 900 employees, made a series of bearish bets on the U.S. economy last year, including trades anticipating continued low interest rates, and bullish investments in the Japanese yen and gold.
J.P. Morgan Asset Management, which ranked second among 225 hedge fund managers with over $1 billion assets or more, had $45.5 billion at the beginning of the year. Paulson & Co. managed $36 billion. Source
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