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Bridgewater Funds Suffer Setback in Second Quarter

The world’s largest hedge fund firm posted losses in two funds for the most recent quarter, but the funds are still up for the year.

       Raymond Daylio, Bridgewater Associates (Bloomberg) Westport, Connecticut-based Bridgewater Associates, the world’s largest hedge fund firm, suffered big losses in two of its hedge funds in the second quarter. The macro-focused firm, which had $89.6 billion in assets at the beginning of the year, was mostly hurt by short bets on the euro

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