(Bloomberg) — Bridgewater Associates posted a 32% return for its flagship hedge fund by means of the primary half of 2022 because it benefited from elevated market volatility, in accordance with an individual acquainted with its efficiency.
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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 wrestle, eking out a nominal annualized achieve over a decade earlier than posting a return of about 8% in 2021. It had misplaced 12.6% in 2020, and several other institutional purchasers pulled their cash.
The agency, with about $150 billion of property below administration, lately overhauled its management workforce, creating an funding committee that features co-Chief Investment Officers Greg Jensen and Bob Prince in addition to a number of different senior buyers.
(Updates with earlier returns in third paragraph, management workforce in fourth.)
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