Fox Business News – The world’s largest hedge fund, Bridgewater Associates, told investors it will launch a new hedge fund this year, and that it had sold a minor equity stake in the firm to an unidentified buyer, the Wall Street Journal reported on Monday.
The new fund, All Weather Major Markets, will help prevent Bridgewater’s $65 billion All Weather Fund from growing too large, the Journal said citing a year-end report to investors the firm issued January 24.
All Weather returned 15.3 percent in 2012, gross of fees, Bridgewater said in the report.
