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Largest US hedge fund sees currency breakup

Posted on 03 March 2011

From Marketwatch.com: Bridgewater Associates, which solidified its position as the largest U.S. hedge fund firm with big returns last year, expects a major currency breakup as tensions build between the U.S. and China, according to a media report Wednesday.

Bridgewater, run by Ray Dalio, saw assets under management jump by more than $15 billion in 2010 to $58.9 billion. That was mostly driven by the firm’s main hedge fund, Pure Alpha Fund II, which gained 44.8% last year…………………………………….Full Article: Source


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