Bridgewater Associates

Bridgewater Associates is the world's largest hedge fund, managing roughly $78 billion in assets as of mid-2025. Its flagship Pure Alpha fund climbed 33% in 2025, its best full year on record, far outpacing the broader hedge fund industry. Pure Alpha has averaged roughly 12% annualized since inception, though returns cooled over the 2005-2021 stretch before this year's rebound.