5 Best Hedge Funds of All Time

3. Bridgewater Associates

Founded: 1975
Net Gains Since Inception: $60 Billion

Bridgewater is an American hedge fund founded in 1975 by Ray Dalio. The hedge fund primarily serves institutional clients, including pension funds, endowments, foundations, and central banks. It leverages a macro investing style focusing on economic trends.

The hedge fund has posted the second-highest gains of any other hedge fund since its inception, having also won several rewards, including Institutional Investors Hedge Fund Firm of the Year in 2010 and 2011. The accolade came on the firm delivering an average annual return of 11% for over 20 years, nearly double a 7% return of the S&P 500.

Between 2001 and 2010, it was the fastest-growing hedge fund, with assets under management increasing by 25%. The hedge fund currently manages $235 billion in assets under management.