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)

Greg Jensen

(Simon Dawson/Bloomberg)

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.

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