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Bridgewater Funds Falter in Second Half
Raymond Dalio’s firm posted modest results in two of its funds last year, in a tough environment for macro managers.
Raymond Dalio, Bridgewater Associates (Bloomberg)Two funds managed by Raymond Dalio’s Bridgewater Associates continued to peter out in the second half of the year, posting weak results in the fourth quarter and losses in the previous quarter. The Westport, Connecticut–based hedge fund firm, the world’s largest, lost money in the third quarter
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