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- Bridgewater’s Pure Alpha fund, which tries to follow and capitalize on macroeconomic trends, lost 4.9% in the six months ended June 30, the FT reports.
- The hedge fund, founded by Ray Dalio, reportedly suffered tough losses in January but has recoup some of that decline in July.
- The Pure Alpha fund was down more than 4% through the end of June, while the S&P 500 was up more than 17% over the same period.
- Bridgewater Associates’ flagship Pure Alpha fund lost 4.9% in the first half, one of its worst performances in two decades, the Financial Times reported.