Bridgewater’s flagship fund posts gains of 32% through June
By Carolina Mandl
NEW YORK (Reuters) – Hedge fund supervisor Bridgewater Associates’ flagship Pure Alpha 18% volatility fund gained 32.2% within the first half of the 12 months, in accordance with a supply accustomed to the matter, beating sharp market declines.
Pure Alpha’s return internet of payment improve was helped by the Federal Reserve’s choice to lift rates of interest to tame surging inflation. Growing charges induced excessive swings in belongings costs, the supply added. Within the first half of 2022, the S&P 500 was down roughly 20%.
Since its inception in 1991, the technique has returned a mean of 11.4% yearly.
The agency additionally believes the fund is well-positioned to make the most of this new tightening setting, mentioned the supply.
Bridgewater, based by legendary billionaire Ray Dalio, advised traders on Tuesday the fund posted beneficial properties throughout a number of totally different belongings. This greater than offset some losses, similar to in inflation-linked bonds and rising market currencies.
(Reporting by Carolina Mandl; Modifying by Josie Kao)
