Thursday, 1 March 2012

Bridgewater Associates and the Aussie Dollar

Introduction by Simon Kerr

Over the last decade Bridgewater Associates has managed an unusual feat - adding a lot of value to its investors at the same time as adding a lot of assets under management. In doing so it has hit some notable milestones in the last year - it is now by some way the biggest hedge fund group in the world with around $76bn under management. It has just been declared by Leveraged Capital Holdings, the fund of funds sponsored by LCF Rothschild Group and MeesPierson, that Bridgewater's Pure Alpha Fund is the hedge fund that has produced the greatest net gains for investors since inception, and in doing so Ray Dalio's Bridgewater has overtaken George Soros' Quantum Endowment Fund.