In Punishing Year for Hedge Funds, Biggest One Thrived.
8:36pm - January 26, 2012By Dealbook
The world’s biggest hedge fund is also one of the best performers.
Bridgewater Associates, which manages nearly $120 billion, posted returns of 23 percent in 2011 — a year when the average hedge fund portfolio lost 5 percent.
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 United States Treasuries, 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.
Such performance adds up. Over the last 20 years, Bridgewater had annualized returns of 14.7 percent, amounting to $50 billion of gains for investors. Over the same period, the Standard & Poor’s in
Market Buzz
Wall Street Buzz
- 9:19pm The Corporate Tax-Dodge Code
- 8:50pm Where Consumers Are Lining Up
- 8:25pm ETF Winners & Losers: February 22nd, 2012 (NUGT, INDZ, TMF, UVXY, SCIF, DUST)
- 8:24pm Tech Sector Hit By H-P, Dell, Apple (XLK, QQQ, VGT, IYW)
- 8:04pm Goldman Goes Long WTI
- 7:59pm Special offer for ChrisMartenson.com readers from The Ready Store
- 7:50pm Markets Don’t Like Greece Again (SPY, DIA, QQQ, IWM)
- 7:42pm Gold, Commodities Rise (GLD, UNG, SLV, USO, DBA)
- 7:35pm Guest Post: Ben Graham’s Curse On Gold
- 7:26pm Chuckles
- 6:55pm Write-Offs: 02.22.12
- 6:50pm European Worries Persist (SPY, EWG, XLF, VGK, VFH)
- 6:43pm Europe Is Now China's Sweatshop As Great Wall Starts Building Cars In Bulgaria
- 6:30pm 10 Commandments of Investment Failure
- 6:29pm One Last Greek CDS Post Before It All Goes Poof
- 6:28pm Top 5 Dividend Stocks the Most Gurus Own
- 6:26pm 5 Oil & Gas Stocks with Positive Catalysts for Growth
- 6:25pm Walking the Bollinger Bands (Part 1)
- 6:23pm Hedge Fund Legend Leon Cooperman Would Run From Treasuries and Into Stocks
- 6:22pm Short-term Thinking Is Back on the Market
- 6:22pm Wall Street Biases
- 6:21pm How Value Investors Can Exploit Market Behavior
- 6:16pm Opportunity of a Decade in Japan's Overlooked Stock Market
- 6:15pm Which Price Ratio Is the Right Ratio?
- 6:07pm Finding Solid Value in Brazil
- 6:05pm Econ Report: Home Sales Miss, Prices Down (IYR, ITB, VNQ)
- 5:38pm The Greek debt crisis: it’s, like, totally over
- 5:36pm Paulson Sued for Negligence
- 5:29pm The Age of Kremlinology
- 5:27pm Italy is auctioning off picturesque lighthouses to help pay down its debt
- 5:18pm Former Penn State Football Coach Would Love For You To Get Bullish On Happy Valley Real Estate
- 5:17pm Nancy Pelosi Issues Statement On Soaring Gas Prices
- 5:16pm Oakland We Have A Problem: Goldman Sachs
- 5:10pm Would You Support an Iran War If …
- 5:10pm Has Real Estate Hit Bottom?
- 5:07pm Gates-“It’s strange that wages in Spain don’t fall with all that unemployed labor”
- 5:00pm A Look Inside Apple Foxconn iFactory in China [FULL VIDEO]
- 4:56pm Dell, Techs Head Lower — Wednesday’s IP Market Recap
- 4:51pm Gold Explodes As NYSE Volume Re-Implodes
- 4:48pm WTF Did All That Printed Money Go?
- 4:43pm Retail Recovery: Solid 4th-Quarter Earnings from Saks, Macy’s
- 4:34pm Market Recap Wednesday February 22, 2012
- 4:27pm Can Dell Carve a New Path to Profit?
- 4:17pm "It's very difficult to make the case that manufacturers are deserving of special treatment"
- 4:17pm Everyone hates Bernanke, so he must be a great Fed chair. Or something.
- 4:14pm Citigroup accused of fraud over deficient loans it sold to Fannie and Freddie
- 4:13pm Tyra Banks Reflects On Time At Harvard Business Schoool
- 4:09pm Best Online Retailers for Customer Satisfaction
- 4:00pm Invested Central Chart of the Day: ABMD
- 3:59pm ETFs Help Investors Narrow Their Focus
Follow us on Twitter
Like us on Facebook
Subscribe to the RSS feed
Get a badge!