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Ray Dalio’s Pure Alpha II Funds Loses Money for First Time Since 2000
Ray Dalio suffered his first annual loss since 2000 in his most prominent fund. Bridgewater Associates Pure Alpha II fund fell 0.5% last year, even as many of his peers posted some of their best returns since 2008. It was the fourth time he has lost money in a calendar year since starting Pure Alpha II in 1991, according to data compiled by Bloomberg and a person familiar with the results. Macro managers last year had their best performance since 2014. The Bloomberg Macro Hedge Fund Index rose 6.4%, according to preliminary figures published on Tuesday. Dalio, whose firm manages about $80 billion in so-called macro ... (full story)