Bridgewater’s September Losses Keep Pure Alpha Funds Down in 2020

In a tough month for macro funds, Bridgewater remains solidly in the red.

Ray Dalio (Giulia Marchi/Bloomberg)

Ray Dalio

(Giulia Marchi/Bloomberg)

Bridgewater Associates, the world’s largest hedge fund, had losses in its main funds in September, according to a database and a person familiar with the firm’s performance.

Barring an unprecedented surge in the final three months of the year, Bridgewater’s Pure Alpha funds appear headed to finish 2020 in the red.

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