Bridgewater Macro Fund Gains 18 Percent
Bridgewater Associates reported solid gains for its flagship macro fund and artificial intelligence fund this year. The performance follows a strategic overhaul under CEO Nir Bar Dea.
Insights:
Bridgewater Associates' flagship Pure Alpha macro fund climbed 18.4% in the first nine months of the year, people familiar with the matter said. The performance follows a volatile market backdrop and a selloff in technology shares. The gains outpace the broader market recovery in the United States, where the S&P 500 rose 11.5% over the same period.
