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Ray Dalio's flagship fund barely gained in 2019 as the S&P 500 skyrocketed 29%

Ray Dalio's flagship fund barely gained in 2019 as the S&P 500 skyrocketed 29%
Hollis Johnson/Business Insider



Bridgewater Associates Pure Alpha strategy barely gained in 2019, Institutional Investor reported Tuesday, citing an investor in the funds. The S&P 500 rose 29% in the same timeframe.




The Pure Alpha 18 Percent fund fell 0.5% in 2019 and the Pure Alpha 12 Percent fund gained 0.5% during the same timeframe, according to the report.




It's a disappointing reversal in performance for the fund, which gained nearly 15% in 2018 while most funds fell, according to Institutional Investor.




Read more on Business Insider.




Ray Dalio's Bridgewater Associates, the world's largest hedge fund, struggled to make meaningful gains in 2019 even as the S&P 500 soared.
The firm's flagship strategy, called Pure Alpha, barely gained in 2019, Institutional Investor reported Tuesday, citing an investor in the funds. The Pure Alpha 18 Percent fund fell 0.5% for the year while the Pure Alpha 12 Percent fund gained 0.5% during the same timeframe, according to the report.
The flat performance is a big miss for Bridgewater, as the S&P 500 gained 29% in 2019. It's also a disappointing reversal in the fund's returns from the previous year — in 2018, the Pure Alpha strategy gained nearly 15% while most funds fell, according to the report.
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