Ray Dalio, who runs the world's largest hedge fund, Bridgewater Associates, is losing investors in Asia after a major bank advised its clients to pull their money from its top fund, Bloomberg reported. Bridgewater's top fund, Pure Alpha, fell 6% through August 23, while other similar funds pared gains. The fund's underperformance and Dalio's public comments were main reasons that the bank made the recommendation to clients. Read more on Business Insider. Ray Dalio, the leader of Bridgewater Associates, the biggest hedge fund in the world, is losing clients after a rough year.