Bridgewater Gets Picky With Its Emerging-Markets Bets

(Bloomberg) Beggars can’t be choosers. But if you’re the world’s richest hedge fund right now, you need to be as picky as possible. Bridgewater Associates, the $160 billion hedge fund firm run by billionaire Ray Dalio, refined its bets on emerging markets in the first quarter, pulling cash out of three broad-based exchanged-traded funds and boosting its position in an ETF exclusively focused on Brazil, according to the firm’s latest 13F filing, which discloses some information on quarterly holdings.

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