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-- associates you may have heard of it be 150 billion dollar hedge fund company well it hasn't whether the recent sell off very well with its.
All weather fund falling more than 8% so far this year -- -- joins me now.
With the details still what happened here so basically it's -- seven billion dollar all weather -- -- stayed -- survived stormy markets but essentially what happened if it is down is down 6%.
It is down 8% you're today -- take a little contact the S&P is up ten point 3% so basically what's happened is the fund is managed by -- sky rain.
Dally on his team -- water and all weather find is popular for pension funds because they say they can never rest they can.
You know create all of these different situations where your money is safe.
Even safe from inflation and so.
It's known that you won't be a good way to feet sort of like the market turmoil right back but now it's not and so I think we all weather and exactly exactly -- hear what happens -- the -- is right it's pretty stellar reputation up until 88 had exactly so since 1996 and are all weather finds specifically has been up eight point 5% annually.
The financial crisis in 2008.
All weather -- and eat as well it was 20% down and he's not nearly doubted everything else wise.
And so basically these other -- managers say this is a better there are other ways to manage risk.
Better by not fix things so much emphasis on fixed income so.
You know there's there's other strategies as well but this is a big blow to a fun it's had a stellar reputation even.
Throughout this entire -- and -- precedent setting to other all weather scientists this are they all in kind of a similar boat.
Or is this to sit in anomaly this is it.
This is just Bridgewater that we're seeing right now that we -- analyzing right now but all of these different finds certainly have different strategies and but -- -- -- -- find has been so lucrative for some people putting their pensions and their thinking that.
It will be safe right right right so.
At the very least -- Bridgewater just can't sell itself as the all weather funds anymore but you know -- that are volatile and every investment is always a risk right because someone makes money on it is evident -- gonna lose it is -- As that is yes telling -- I play fake isn't much stunning video Adam.
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