January 6, 2019 / 11:36 PM / 5 months ago

Bridgewater's Pure Alpha ends 2018 with 14.6 pct gain -source

BOSTON, Jan 6 (Reuters) - Hedge fund giant Bridgewater Associates’ flagship Pure Alpha Strategy posted a double-digit gain in 2018 when many other funds lost money after being caught off guard by the late-year market collapse.

The Pure Alpha Strategy, which has been run since 1991, gained 14.6 percent, after fees, a person familiar with the numbers said on Sunday evening. Over its lifetime, the strategy has returned an average 12 percent a year.

Many hedge funds are still compiling their returns for last year, but early data from Hedge Fund Research show the average fund lost 6.7 percent.

Reporting by Svea Herbst-Bayliss; Editing by Peter Cooney

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