Ray Dalio’s Pure Alpha Hedge Fund Rebounds in OctoberBy and
Alpha gains 3% for month after losing ground earlier this year
Fund’s returns flip into positive territory year-to-date
Bridgewater Associates, the world’s biggest hedge fund firm, recouped this year’s losses in one of its funds during October.
Ray Dalio’s Pure Alpha rose 3 percent in the month, according to people familiar with the matter. The fund, which targets 12 percent volatility, has now gained 1.7 percent through the first 10 months of this year.
A representative for Westport, Connecticut-based Bridgewater, which manages about $160 billion, declined to comment.
— With assistance by Katherine Burton, and Saijel Kishan