Launches & Closures Hedge Funds Performance

Bridgewater reaches $3 billion in new fund


Bridgewater Associates attracts $3 billion from existing investors for new sister fund of Pure Alpha.

Bridgewater Associates, the largest hedge fund firm in the U.S., is getting even bigger. The firm recently amassed $3 billion in assets from existing investors for a new strategy similar to its flagship hedge fund Bridgewater Pure Alpha. The new fund, Bridgewater Pure Alpha Major Markets Trading, was offered to existing investors who wanted to reinvest gains paid out to them last year from the firm’s Pure Alpha strategy.

Pure Alpha, which manages $55.9 billion in assets, returned 44.55% in its 18% volatility share class and 27.33% in its 12% volatility share class in 2010. Bridgewater Pure Alpha Major