The world's largest hedge fund dumped these 5 investments last quarter - Business Insider

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The world's largest hedge fund dumped these 5 investments last quarter as the coronavirus recovery raged

Bridgewater Associates, the largest hedge fund in the world, released in an SEC filing what investments itThe hedge fund, founded by billionaire investor Ray Dalio, exited positions in a number of exchange-traded funds and Canadian banks amid the coronavirus pandemic recovery. Read more on Business InsiderThe largest hedge fund in the world, Bridgewater Associates, dumped a number of investments in the second quarter as the coronavirus pandemic recovery raged.

The hedge fund, founded by billionaire investor Ray Dalio, exited 153 holdings entirely and decreased holdings in 177 investments in the second quarter, according to aA majority of the positions that the firm exited were exchange-traded funds that track Treasury bonds, high-yield corporate debt, and emerging markets. Bridgewater also dumped shares of a number of Canadian banks during the quarter.

On the flip side, the firm also added to its portfolio during the quarter, boosting its total value to $5.96 billion, a roughly 18% jump from the previous three-month period. Bridgewater bought 137 new holdings and added to 68 existing positions,Here are the top five holdings that Bridgewater exited in the second quarter, according to a list compiled by Bloomberg:

 

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