By the AR editorial staff
It was another good year for Ray Dalio’s Bridgewater Associates, which took home its second consecutive Management Firm of the Year trophy at the seventh annual AR Awards, held at the Mandarin Oriental in New York City on November 10. The Westport, Connecticut–based firm proved that size needn’t be a deterrent to performance, snagging another trophy for best macro fund for its Bridgewater Pure Alpha fund, which manages $58 billion.
Plenty of other A-list firms took home trophies, including Tiger Global Management (for the global equity category), Renaissance (fund of the year), Brevan Howard Asset Management (credit and high yield) and York Capital Management (long-term performance).
The AR Awards honor hedge funds that deliver the best risk-adjusted returns to their investors, with winners chosen based on a quantitative analysis of returns over the 12-month period ended August 31. To qualify for an...