Ray Dalio Makes Clients $4.9 Billion in 2016 as Paulson, Soros Falter
- LCH Investments publishes its annual hedge-fund rankings
- Report shows biggest funds did no better than smaller peers
Ray Dalio.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Billionaire Ray Dalio’s Bridgewater Associates earned almost $5 billion for its clients last year while rivals George Soros and John Paulson lost money, according to a report by hedge-fund investor LCH Investments NV.
Bridgewater was the most lucrative, in absolute terms, of the top-20 hedge funds ranked, and bucked the trend of a generally disappointing year for the industry. Overall, the biggest funds earned $16 billion after fees, to provide a 2.6 percent weighted return that “was way below their historical standards,” according to the report set to be published Wednesday.