Hedge fund Bridgewater Associates, one of the largest if not the largest pure hedge fund, put up a +25% positive return last year.
Bridgewater has a grim 2012 outlook for the global economy, citing slow growth, a debt overhang, solvency issues and high unemployment for the world’s developed economies.
“What you have is a picture of broken economic systems that are operating on life support,” said Robert Prince, co-chief investment officer.
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