CNBC: Westport fund gains 15 percent in 2018
After its founder warned of slower economic growth in the near future, Bridgewater Associates cashed in on that prediction as markets slumped in December, with the Westport firm’s flagship investment fund posting a 15 percent gain in the aggregate according to CNBC.
Under founder Ray Dalio, Bridgewater is the world’s largest hedge fund operator with some $160 billion in assets under management.
On average, hedge funds were down 2 percent on the year through November, according to HFR.
Alex.Soule@scni.com; 203-842-2545; @casoulman