(Bloomberg) -- Bridgewater Associates, the world’s biggest hedge fund firm, recouped this year’s losses in one of its funds during October.
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Ray Dalio’s Pure Alpha rose 3 percent in the month, according to people familiar with the matter. The fund, which targets 12 percent volatility, has now gained 1.7 percent through the first 10 months of this year.
A representative for Westport, Connecticut-based Bridgewater, which manages about $160 billion, declined to comment.
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