Bridgewater Associates Suffer May Losses

As investors cope with a tough May, the world’s largest hedge fund, which is based in Westport, is dealing with similar problems.

, headquartered in a leafy campus on Glendinning Place off Weston Road, lost 2.09 percent through May 17, reports Fin Alternatives. The group manages $90 billion in funds from foreign governments, charities, pension funds and others. More than 1,200 people are employed in several locations throughout Westport.

As bad as May has been with the Dow, S&P 500 and NASDAQ all down by at least 3 percent, Bridgewater Associates is till up 6.05 percent for the year

Billionaire Ray Dalio, founder of Bridgewater, announced last month that he would donate at least half his fortune to charity. In a statement posted on the New York Times, Dalio said:

“We learned that beyond having enough money to help secure the basics — quality relationships, health, stimulating ideas, etc. — having more money, while nice, wasn’t all that important. … So we found taking our excesses and providing it to others who have extreme shortages has been both a good investment and a great satisfaction.”