Feb 4 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.