Bridgewater Associates Earned Almost $5 Billion for Clients
Bridgewater Associates earned almost $5 billion for its clients while rivals George Soros and John Paulson lost money. This is according to a report by LCH Investments NV. Bridgewater was the most lucrative of the top 20 hedge funds ranked. The biggest funds earned $16 billion after fees overall to provide a 2.6% weighted return.
“Bridgewater Associates earned almost $5 billion for its clients while rivals George Soros and John Paulson lost money.”
Hedge funds are currently facing a backlash against high fees and poor returns trigged by extremely low interest rates and last year suffered the first withdrawals since the 2009 financial crisis.
Related Reports: Bloomberg
About Bridgewater Associates
Bridgewater Associates is focused on understanding how the world works. By having the deepest possible understanding of the global economy and financial markets and translating that understanding into great portfolios and meaningful relationships with institutional clients, we’ve built a distinct track record of success. We’ve done this for over 40 years, by having great people operating in a culture of radical truth and radical transparency.
Today, we manage about $150 billion for approximately 350 of the largest and most sophisticated institutional clients globally, including public and corporate pension funds, university endowments, charitable foundations, supranational agencies, foreign governments, and central banks.
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