Bridgewater, the world’s largest hedge fund manager, led most of its peers that invest across global markets based on economic themes.
Bridgewater, the $160 billion hedge fund complex run by Ray Dalio, posted an 8.3% return last month (January of 2015). The average such “macro” hedge fund, which makes buy and sell decisions based on big-picture market cross-currents, rose 2.6% on average last month, according to HFR. That tops the average fund, which added 0.5%.
He is lauded as the most successful hedge fund manager in history, after rankings compiled by LCH Investments. Since its 1975 inception the fund has booked gains of $35.8bn.