(Bloomberg) -- Hedge funds held up better than global stocks last month, falling an average of 0.1% as equities slumped amid a selloff in emerging-market currencies and signs of weakness in China.

Ray Dalio’s Bridgewater Associates LP gained 1.1% as of Jan. 28 at its Pure Alpha II fund, according to a person familiar with the matter. Global stocks declined 4% for the full month, including reinvested dividends.

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