<p>Bloomberg <a target=“_blank“ href=“https://www.bloomberg.com/news/articles/2022-12-02/bridgewater-erases-most-of-its-2022-gains-after-two-month-rout?leadSource=uverify%20wall“ target=“_blank“ rel=“nofollow“>reports </a>that the hedge fund founded by Ray Dalio — Bridgewater Associates — has mostly ruined what was shaping up to be the hedge fund best year in more than a decade.</p><p>The flagship Pure Alpha fund fell 13% in Oct-Nov to cut the year-to-date gains to 6%. The Pure Alpha II fund fell 20% in those two months to cut the YTD gain to 7.8%. </p><p>This year those are still very good gains compared to most hedge funds but that’s a big hit, especially with Kanye West posting this in his twitter flameout.</p>

This article was written by Adam Button at forexlive.com.