In the face of a ferocious global stock market rally, Bridgewater Associates’ main fund posted a large loss in January. Pure Alpha II, also known as PA 18 Percent, dropped 7.4 percent for the month, according to a person who has seen the results.
Bridgewater Suffers a Big Loss in January
But the world’s largest macro firm continues to stick with its bearish conviction.

Greg Jensen
(Simon Dawson/Bloomberg)
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