New York (HedgeCo.net) – Last year created mixed results for the largest hedge fund firm in the world. Bridgewater Associates, founded by Ray Dalio, saw two of its funds gain ground last year, but one of its most prominent funds saw a loss.
On the plus side, the firm’s Pure Alpha fund and Pure Alpha Major Markets fund both saw gains in a year when the average hedge fund lost money. For Pure Alpha investors, the gain was 4.7% and the flagship fund has now produced positive results in all but three years since being launched in 1991. The Pure Alpha Major Markets fund experienced a gain of 10.6%.

Arguable the most impressive stat for the Pure Alpha fund is that it has gained ground in 15 straight years, even during the financial crisis in 2008.

While the Pure Alpha fund is Bridgewater’s flagship fund, the All Weather Fund is one of the more closely watched funds as it became famous for the risk-parity strategy Dalio helped popularize. Unfortunately for Bridgewater, the All Weather Fund lost 7% in 2015 and that is the second time in the last three years the fund has experienced losses.

Rick Pendergraft
Research Analyst
HedgeCoVest