Bridgewater AUM Decline

Am I reading this right? AUM declined from $198.6Bn last March to $112.5Bn on the brochure filed just a few days ago, a decline of a whopping 43%. For reference -> https://aum13f.com/firm/bridgewater-associates-lp and the brochure for the $112.5Bn figure https://files.adviserinfo.sec.gov/IAPD/Content/Co…

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Maybe because their strategy of top heavy long tail macro bets is inferior to the MM macro RV grinders.

 

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