BOSTON, Jan 6 (Reuters) - Hedge fund giant Bridgewater Associates’ flagship Pure Alpha Strategy posted a double-digit gain in 2018 when many other funds lost money after being caught off guard by the late-year market collapse.
The Pure Alpha Strategy, which has been run since 1991, gained 14.6 percent, after fees, a person familiar with the numbers said on Sunday evening. Over its lifetime, the strategy has returned an average 12 percent a year.
Many hedge funds are still compiling their returns for last year, but early data from Hedge Fund Research show the average fund lost 6.7 percent.
Reporting by Svea Herbst-Bayliss; Editing by Peter Cooney