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Bridgewater’s flagship hedge fund has returned greater than 30% via the primary half of 2022 as elevated volatility created a golden alternative for outperformance, based on an individual conversant in the return. The agency’s Pure Alpha II fund climbed 4.8% in June, pushing its 2022 good points via the top of June to 32.2%, the individual stated. The S & P 500 dropped 19.9% throughout the identical interval. This 12 months stellar efficiency introduced the fund’s annualized return since inception in 1991 to 11.4%, the individual stated. The market has had a tumultuous journey this 12 months with the S & P 500 struggling its worst first half since 1970. The fairness benchmark has tumbled right into a bear market as recession fears intensified on the again of the Federal Reserve’s aggressive charge hikes to tame surging inflation. The macro flagship fund loved good points in a lot of asset lessons, together with nominal bonds, quick charges, equities, commodities, sovereign and company credit score and developed market currencies, the individual stated. The fund did submit small losses in buying and selling of inflation-linked bonds and rising market currencies, the individual stated. Ray Dalio’s hedge fund agency manages about $150 billion in belongings. Bloomberg Information first reported the Bridgewaterreturns.
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