Tough yr for Bridgewater

Rough year for Bridgewater

Bloomberg as we speak writes about Bridgewater and word that its Pure Alpha II fund is down 18.6% year-to-date after a flat yr final yr.

The story particulars inner turmoil on the agency managing $148 billion. In addition they spotlight a subject that each dealer has confronted; getting the technique proper and the execution mistaken:

This yr’s lack of ability to show massive concepts into massive returns would be the final
straw for some traders after almost a decade of low-single-digit
beneficial properties coupled with excessive charges.The issue, in line with these with inside
information who requested to not be recognized with out permission to talk
publicly concerning the agency, is that Bridgewater lower danger in March because the
market crashed and was sluggish to ramp up once more — even because the Federal
Reserve unleashed an unprecedented assist effort. So although it
accurately touted trades akin to going lengthy equities, shopping for gold and
betting on the yen towards the greenback, it failed to learn from its personal
foresight.

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