Bridgewater Funds Rebounded in 2020 — But Two of Its Biggest Funds Are Still Negative

Here is how the world’s largest hedge fund firm rebounded from its large March losses — and how it was positioned heading into the new year.

Ray Dalio (Giulia Marchi/Bloomberg)

Ray Dalio

(Giulia Marchi/Bloomberg)

Bridgewater Associates finished the year with losses in two of its biggest funds, even after those funds recovered a large slice of their earlier-year drawdowns following the March market meltdown.

The macro giant staged a significant comeback in several of its other hedge funds, however, after they had posted sharp losses when global markets sold off in response to the coronavirus crisis in March.

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