Ray Dalio’s Pure Alpha Hedge Fund Rebounds in October

  • Alpha gains 3% for month after losing ground earlier this year
  • Fund’s returns flip into positive territory year-to-date

Ray Dalio

Photographer: Jason Alden/Bloomberg

Bridgewater Associates, the world’s biggest hedge fund firm, recouped this year’s losses in one of its funds during October.

Ray Dalio

Photographer: Simon Dawson/Bloomberg

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

    Before it's here, it's on the Bloomberg Terminal.