Ray Dalio’s Bridgewater lost $12.1 billion in nightmarish 2020 – but he’s still the best hedge fund manager of all time

Ray Dalio’s Bridgewater lost $12.1 billion in nightmarish 2020 – but he’s still the best hedge fund manager of all time

Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Account active since Ray Dalio lost $12. 1 billion for investors in his Bridgewater firm in 2020, despite the world's top 20 hedge funds reaping their best returns in a decade thanks to the rapid rebound in stocks in the spring. Nonetheless, Dalio is still the best hedge fund manager of all-time with net gains of $46. 5 billion since inception, according to the latest rankings from LCH Investments, which is part of the Edmond de Rothschild group. The top 20 managers of all time made $63. 5 billion for investors in 2020, LCH said, the best returns for the group in 10 years. That was half of the $127 billion the industry as a whole made for investors, which was down from $178 billion in 2019. "In 2020 the best hedge fund managers generated substantial returns