A $70 billion portfolio managed by hedge fund titan Ray Dalio's Bridgewater Associates is still struggling to overcome heavy summer losses that could lead some investors to place redemption notices in the last quarter of the year, sources familiar with the matter said on Friday.
The Bridgewater All Weather Fund is down roughly 7 percent year-to-date through August, after losing 1.4 percent last month and 6.22 percent in June, according to the two people who had seen the numbers but were not authorized to speak publicly about the fund's performance….
The fund rose 2.5 percent in July, helping to make a modest dent in the portfolio's earlier losses.
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