Baltimore Sun – Bridgewater Associates, the world’s biggest hedge fund, handed clients $13.8 billion last year, catapulting founder Ray Dalio above long-time rivals such as George Soros and John Paulson as the industry’s biggest money maker in 2011, research showed.
Bridgewater’s flagship Pure Alpha fund, which runs $71.9 billion, has now made clients $35.8 billion after fees since its inception in 1975, according to research from hedge funds investor LCH Investments, part of the Edmond de Rothschild Group.
