Bridgewater to launch new hedge fund - WSJ

Mon Feb 4, 2013 8:17pm EST

Feb 4 (Reuters) - The world's largest hedge fund, Bridgewater Associates, told investors it will launch a new hedge fund this year, and that it had sold a minor equity stake in the firm to an unidentified buyer, the Wall Street Journal reported on Monday.

The new fund, All Weather Major Markets, will help prevent Bridgewater's $65 billion All Weather Fund from growing too large, the Journal said citing a year-end report to investors the firm issued Jan. 24.

All Weather returned 15.3 percent in 2012, gross of fees, Bridgewater said in the report.

Bridgewater also sold a non-voting stake to an investor, but did not disclose either the size of the stake or the buyer, the Journal said, citing the same report.

Bridgewater, the $120 billion hedge fund run by hedge fund titan Ray Dalio, was not immediately available for comment outside regular business hours.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.