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)
- Has North Korea Put an EMP Weapon in Orbit? - January 18, 2018
- Do You Know NFL Hitman James Harrison? - January 17, 2018
- Edwards: States Should Handle Their Own Infrastructure - January 16, 2018