An $80 billion portfolio managed by hedge fund titan Ray Dalio's Bridgewater Associates and widely held by many pension funds slumped in August and some investors blame the strategy of such funds for the eruption in volatility that slammed stocks and commodities.
Take context from the input text and decide on the accurate relationship between 'Bridgewater Associates' and 'hedge fund' from the options provided.
Options: location of formation, chief executive officer, industry, parent organization