Economic Times – Bridgewater Associates, which manages nearly $120 billion, posted returns of 23 percent in 2011 – a year when the average hedge fund portfolio lost 5 per cent.
Against the backdrop of fear over European debt and stagnant global growth, the hedge fund, led by one of Wall Street’s more enigmatic titans, Ray Dalio, sidestepped the mess. The fund did it with bets on US Treasurys, German bonds and the Japanese yen, according to people familiar with the firm’s investment strategy, who spoke on condition of anonymity because the information is private.
