For Ray Dalio, a Year of Losses, Withdrawals and Uneasy Staff

(Bloomberg) — Ray Dalio is having a very bad year.So very bad, in fact, that the billionaire risks losing his coveted title as king of hedge funds.Dalio’s $148 billion Bridgewater Associates has run up hefty losses this year, even as rivals have minted money in the topsy-turvy markets. The damage as of August: an 18.6% drop in the flagship Pure Alpha II fund.Those losses, the worst in a decade, top a sprawling list of troubles that has plunged Bridgewater into a round of crisis management, according to more than 25 people with knowledge of the firm’s inner workings.First, Bridgewater’s computer …read more

Source:: Yahoo Finance

      

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