Bridgewater Associates LP, the world’s largest hedge-fund manager, is raising new money for its flagship Pure Alpha fund for the first time since 2009, a person familiar with the matter said. The move follows an uncharacteristically poor performance this year for the $70 billion fund, prompting the firm to open Pure Alpha up to investors to bring it back to its optimal size, the person said. Pure Alpha uses a macro investment...

Source: Wall Street Journal September 11, 2016 21:11 UTC