Bridgewater raises new fund strategy less dependent on equities

Reuters reported exclusively that Bridgewater Associates has raised at least $800 million in recent months for a new fund strategy, an additional offering that comes as the hedge fund manager revamps business after founder Ray Dalio gave up control. A source close to Bridgewater said the strategy, which has not been reported previously, is designed to help weather equity bear markets and generate returns negatively correlated to equities, which means the fund’s profits will increase if stocks fall. 

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