|Bridgewater Associates, the hedge fund founded by Ray Dalio, can now lay claim to the world’s largest new hedge fund launch. According to an article by the Wall Street Journal, Bridgewater’s new Pure Alpha Major Markets hedge fund will seek to expand the firm’s current Pure Alpha hedge fund’s strategies to large global markets. |
The hedge fund has already returned 11% YTD, matching Bridgewater Associates’ original Pure Alpha’s YTD returns. The two hedge funds make up $67 billion of Bridgewater’s estimated $100 billion plus in assets under management, with a long-only equity fund making up the rest.