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Bridgewater’s flagship hedge fund has returned greater than 30% by way of the primary half of 2022 as elevated volatility created a golden alternative for outperformance, in line with an individual accustomed to the return. The agency’s Pure Alpha II fund climbed 4.8% in June, pushing its 2022 features by way of the top of June to 32.2%, the particular person stated. The S & P 500 dropped 19.9% throughout the identical interval. This yr stellar efficiency introduced the fund’s annualized return since inception in 1991 to 11.4%, the particular person stated. The market has had a tumultuous trip this yr 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 price hikes to tame surging inflation. The macro flagship fund loved features in a lot of asset lessons, together with nominal bonds, brief charges, equities, commodities, sovereign and company credit score and developed market currencies, the particular person stated. The fund did put up small losses in buying and selling of inflation-linked bonds and rising market currencies, the particular person stated. Ray Dalio’s hedge fund agency manages about $150 billion in property. Bloomberg Information first reported the Bridgewaterreturns.
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