From Reuters: A $70 billion portfolio managed by hedge fund
titan Ray Dalio's Bridgewater Associates and widely held by many pension funds
to survive stormy markets is emerging as a big loser in the recent selloff in
global markets. The Bridgewater All
Weather Fund is down roughly 6 percent through this month and down 8 percent
for the year, said two people familiar with the fund's performance.
The All Weather Fund is one of two big portfolios managed by
Bridgewater and uses a so-called "risk parity" strategy that is
supposed to make money for investors if bonds or stocks sell off, though not
simultaneously…..
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