(Bloomberg) — Bridgewater Associates posted a 32% return for its flagship hedge fund via the primary half of 2022 because it benefited from elevated market volatility, based on an individual accustomed to its efficiency.
Most Learn from Bloomberg
The agency based by Ray Dalio informed buyers that its Pure Alpha II fund climbed 4.8% in June, boosting its annualized return since its 1991 inception to 11.4%, the particular person stated, asking to not be recognized as a result of the outcomes aren’t public.
Bridgewater’s macro fund is bouncing from years of battle, eking out a nominal annualized acquire over a decade earlier than posting a return of about 8% in 2021. It had misplaced 12.6% in 2020, and several other institutional shoppers pulled their cash.
The agency, with about $150 billion of property below administration, just lately overhauled its management group, creating an funding committee that features co-Chief Funding Officers Greg Jensen and Bob Prince in addition to a number of different senior buyers.
(Updates with earlier returns in third paragraph, management group in fourth.)
Most Learn from Bloomberg Businessweek
©2022 Bloomberg L.P.