The world's biggest hedge fund got hit hard to start the year.
Bridgewater Associates LP's flagship hedge fund was down 12 percent in the first half of this year, according to a report in the Wall Street Journal. Bridgewater's Pure Alpha fund, as it is called, is the largest fund in founder Ray Dalio's $150 billion Connecticut-based money management empire.
That marks the worst start to the year since 1995 for that portion of Bridgewater, the Journal reported, citing "people familiar with the firm," and a previous report that appeared in Institutional Investor.
But the news wasn't all bad for Dalio and Bridgewater. Elsewhere at Bridgewater, the money manager's All Weather fund was up 10 percent to start the year.