Ray Dalio’s Bridgewater Associates, the world’s largest hedge fund firm with nearly $60 billion under management, is up 70% on a year-over-year basis. According to a knowledgeable “Dealbreaker” source, Dalio’s $37 billion flagship Pure Alpha fund, which is up about 11% so far this year, is raking in – in every asset class it had exposure to.
The fund, notes Dealbreaker, has performed particularly well being long bonds globally, long commodities, and EM’s foreign exchange versus the greenback.
Dalio, who runs Bridgewater as a rigorous meritocracy ; encouraging his employees to openly scrutinize the views of their colleagues, provided that it is face-to-face, is said to play more than 100 different markets throughout the world.
Bridgewater was one of the few hedge fund firms that foresaw the credit crisis.