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Bridgewater Shakes Up Leadership After a Loosing Year
“Bridgewater Associates is shuffling its management ranks after one of the most challenging years in the hedge-fund giant’s history ... Bridgewater is also creating an investment committee ‘to broaden the decision making’ ... “
“After posting its worst monthly loss in history in March, Bridgewater’s flagship fund, Pure Alpha, ended the year down 7.6%. A more leveraged version of the fund lost 12.6%. The performance suffered in comparison to banner years by other prominent macroeconomic investors. Rokos Capital Management and Caxton Associates, for example, notched returns of 44% and 42.2% for the year in their master and flagship funds, respective.”
That is some "radical transparency"! Those that know... will understand what is meant by that. It's not a good recipe but Sig Sigma had it's day too. So - time heals all wounds. Hope they figure it out.
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