Ray Dalio is having himself a rough stretch

Bloomberg reports that Bridgewater Associates, the hedge fund founded by Ray Dalio, largely ruined what turned out to be the best year for hedge funds in a decade. , Flagship Pure Alpha fund fell 13% in October-November, reducing year-to-date growth to 6%. The Pure Alpha II fund fell 20% in those two months, reducing its return for the year to 7.8%. Compared to most hedge funds, they’re still doing very well this year, but it’s a big hit, especially when Kanye West posted it on Twitter. Tweets by Ye