Bridgewater Still Searching for the Old Magic

Like a number of macro funds, the world’s largest hedge fund firm has had to fight hard for gains this year.

Ray Dalio (Giulia Marchi/Bloomberg)

Ray Dalio

(Giulia Marchi/Bloomberg)

Bridgewater Associates’ Pure Alpha strategies continue to muddle along.

Headed by Ray Dalio, the world’s largest hedge fund firm generated a 1.08 percent gain in August in its flagship fund, Pure Alpha 18 Percent, also known as PA II. This boosted its gain for the year to 1.4

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