Bearish Bridgewater Suffered Sharp Losses in its Pure Alpha Funds

The world’s largest hedge fund firm entered the year significantly net short equities.

Illustration by II

Illustration by II

Ray Dalio’s Bridgewater Associates paid a hefty price for its bearishness...at least for one month.

The world’s largest hedge fund firm posted a 4.57 percent loss in January in its Pure Alpha II fund, also known as Pure Alpha 18 Percent, according to a private database.

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