Bridgewater Bursting Over: Launching New Fund

February 5, 2013 James Heinsman Hedge Fund News

Bridgewater Associates, the largest hedge fund on the planet, is about to get a little bit bigger. According to a report in the Wall Street Journal Bridgewater will establish a new fund called All Weather Major Markets, a companion to the supersized $65 billion All Weather Fund to prevent it from becoming “too large.” Last year All Weather’s return to investors before fees were deducted was a lovely 15.3 percent, Bridgewater reported.

Some downsizing at Bridgewater has also been in the works. The firm told investors that they also sold a minor equity stake which comes with not voting rights in the company to an un-named buyer.

Bridgewater Associates manages assets valued at about $120 billion and is run by hedge fund superstar Ray Dalio. He has so far not been available for comment on the launching of the new fund.

All Weather Fund, Bridgewater Associates, Ray Dalio,

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