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.
Utilize the input text as a context reference, choose the right relationship between 'Bridgewater Associates' and 'hedge fund' from the options.
Options: chief executive officer, location of formation, industry, parent organization