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For Ray Dalio, A Year Of Losses, Withdrawals And Uneasy Staff

by fa-mag.com posted 1week ago 25 views
Dalio’s $148 billion Bridgewater Associates has run up hefty losses this year, even as rivals have minted money in the topsy-turvy markets. The damage as of August: an 18.6% drop in the flagship Pure Alpha II fund. Those losses, the worst in a decade, top a sprawling list of troubles that has plunged Bridgewater into a round of crisis management, according to more than 25 people with knowledge of the firm’s inner workings. First, Bridgewater’s computer models initially misread the markets for a second year in a row. Then, big clients began to head for the exits.

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