Dalio takes hedge crown from Soros
Ray Dalio has overtaken George Soros as the world’s most successful hedge fund manager after his Bridgewater Pure Alpha fund made $13.8bn for investors last year.
The profits made by the Connecticut-based Pure Alpha – already the world’s biggest hedge fund, with $72bn under management using its trading strategy – beat its own record for the largest one-year dollar gain last year.
However, the ranking by LCH Investments, part of the Edmund de Rothschild group, also showed last year the biggest-ever loss by a hedge fund. John Paulson’s New York-based Paulson & Co lost investors $9.6bn last year, more than was lost in the collapse of Long Term Capital Management in 1998. But Mr Paulson is still ranked third for the best overall returns for investors, at $22.6bn.
LCH, which has been investing in hedge funds since 1969, assesses hedge funds by how much they have made over their lifetimes for investors in dollars. It argues that percentage returns distort performance as fund managers frequently find it hard to maintain big returns as they take in more money. This is important as investors tend to buy funds that have done very well but then those funds often produce mediocre returns on the larger amounts of money.
- Dalio's World
Found via The Big Picture. Ray Dalio, fabled hedge-fund manager, says the U.S. has done a "beautiful" job delevering, but sees a 30% chance Europe will stumble badly. It's hard to imagine anyone navigating the rough seas of the past decade more ably...
- The Billionaire Ray-man Who Plays By His Own Rules
Never say anything about a person you wouldn’t say to him directly. If you do, you’re a slimy weasel.” So runs principle 11 of Ray Dalio’s guidelines to life: part self-help guide, part radical philosophy, part club-house rules. And the blueprint...
- In Punishing Year For Hedge Funds, Biggest One Thrived
Found via ValueWalk. 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....
- Bridgewater Takes Grim View Of 2012
Bridgewater Associates has made big money for investors in recent years by staying bearish on much of the global economy. As the new year rings in, the hedge fund firm has no plans to change that gloomy view. Robert Prince, co-chief investment officer...
- Street Of Walls Q3 Report On Hedge Fund Positions
The Street of Walls Hedge Fund Team has compiled a FREE 60 page report on hedge fund holdings. We have compiled data from 13F SEC filings in order to analyze how the top hedge fund managers have made changes to their portfolios. We analyzed top hedge...