Listen: Bloomberg, Bloomberg Bridgewater Associates, John Tucker discussed on Bloomberg Daybreak
"Where more than two thirds of those polled plan to dial back on risk twenty eighteen was a horrible year for hedge funds, but not for the world's biggest such fund to Bloomberg's John Tucker joins us live with the details. Good morning, John. Good morning. Karen? According to documents seen by Bloomberg Bridgewater associates flagship hedge fund pure alpha finish the year returning fourteen point six percent Neta fees the gains for his pure alpha strategy came as other fund managers were whipsawed by volatile markets resulting in the industry. Posting one of the worst years ever hedge funds on average lost six point seven percent at twenty eighteen. That's according to the HR FX global hedge fund index Bridgewater founded by Ray Dallaglio as about one hundred sixty billion dollars in assets. Under management, it trades across one hundred fifty markets. The firm has operated the pure alpha strategy for nearly three decades and has generated an average annual net return of about twelve percent per year. John Tucker, Bloomberg daybreak John. Thank you, some of the other corporate stories, we're watching this morning after four years of planning tesla finally broke ground on its plan to five billion dollar factory in China. CEO Elon Musk and Shanghai officials kicked off construction of the facility today. It would be Tesla's first car manufacturing plant outside the US can finally be the end of the line. I sear sources tell Bloomberg chairman Eddie Lampert its bid to buy several hundred stores out of bankruptcy fell. Short of bankers. Qualifications that has representatives for Sears preparing for liquidation sales beginning as early as next week shares of PG and E R down fourteen percent in early trading. That's after sources told Bloomberg the company's considering bankruptcy protection. The filing could come in weeks as PG and E seeks to organize Bill. Millions of dollars in potential liabilities from wildfires. That may have been started by its equipment and US stock index futures are lower with us and p futures down three points. Dow futures now that'll change down five points straight ahead. We have the latest world and national news. And this is Bloomberg. Thanks,."