Bridgewater Associates launches $10 billion hedge fund

June 23rd, 2011
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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.

For Detailed Investor Profiles on these Investors, click below:
Bridgewater Associates LP
Related People: Ray Dalio
Related Entities: Bridgewater All Weather; Bridgewater Pure Alpha Fund II; Bridgewater Associates Pure Alpha Fund
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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