Things are, uh, not great at the moment, as Ray Dalio hasbeenremindingus withregularity. Also, and perhaps not unrelatedly, Ray Dalio has been getting some stuff wronglately. Being a guru-svengali-Zen-master-investing-brain-genius, however, means that being wrong for Ray is not as costly as it is for, say, David Einhorn or Dan Loeb or Larry Robbins. In fact, it’s downright profitable.
Bridgewater Associates’ flagship hedge fund rose 14.6 percent last year as stocks fell broadly, according to a document seen by Bloomberg…. Hedge funds on average lost 6.7 percent in 2018, according to the HFRX Global Hedge Fund Index. That compares with a 4.4 percent decline for the S&P 500 Index of stocks.