+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

One of billionaire Ray Dalio's funds is absolutely crushing it in 2015

Apr 7, 2015, 18:38 IST

One of hedge fund billionaire Ray Dalio's strategies is up 14% year-to-date thanks to a bet against the euro, Bloomberg News' Kelly Bit reports citing a source familiar with the fund's performance.

Advertisement

During the first three months of 2015, the euro fell to to its lowest level in a decade, and ended the quarter down 11% against the US dollar.

Bridgewater Associates, the world's largest hedge fund, manages about $165 billion in assets. Earlier this year, Dalio explained that his fund makes a number of uncorrelated long/short bets in about 120 different markets.

NOW WATCH: The 5 basic Excel shortcuts everyone needs to know

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article