Hedge funds that are supposed to do well in any type of market are having a tough go of it lately. As Gregory Zuckerman and Juliet Chung of The Wall Street Journal report:
Bridgewater Associates, which built a $150 billion hedge-fund empire with the promise of strong performance even in turbulent markets, is suffering from the market’s recent convulsions.
The firm’s All Weather fund, which manages about $70 billion, has lost 6% so far in June and has dropped about 8.5% for the year, according to a person close to the matter.
The firm’s flagship fund, the Pure Alpha fund, which manages about $80 billion, has lost money in June and is flat on the year, said a person familiar with the matter.
Latest posts by E.J. Smith - Your Survival Guy (see all)
- If You Like Classic/Prog Rock, You’ll Love Greta Van Fleet - November 17, 2017
- What do I think of Bitcoin? Part I - November 15, 2017
- Mad Dogs & Englishmen: Cry Me A River - November 14, 2017