Ray Dalio's Pure Alpha Hedge Fund Is Said to Rebound in October

(Bloomberg) -- Bridgewater Associates, the world’s biggest hedge fund firm, recouped this year’s losses in one of its funds during October.

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.

--With assistance from Katherine Burton and Saijel Kishan

To contact the reporters on this story: Nico Grant in New York at ngrant20@bloomberg.net, Nishant Kumar in London at nkumar173@bloomberg.net.

To contact the editor responsible for this story: Margaret Collins at mcollins45@bloomberg.net.

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