Bridgewater’s Assets Shrank 15% in Virus-Fueled Trading Slump
- Firm fell to $138 billion in the two months through April
- Decline at Dalio’s hedge fund giant mostly reflects returns
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Bridgewater Associates, the hedge fund giant founded by Ray Dalio, suffered a 15% drop in assets under management during March and April in the wake of heavy losses at its flagship trading strategy.
Assets fell to $138 billion at the end of April from $163 billion at the end of February, according to a May 29 filing posted on the U.S. Securities and Exchange’s website. Almost all of the decline reflects performance-related losses rather than client withdrawals, said a person with knowledge of the matter who requested anonymity because those details are confidential.