Macro Hedge Funds Slammed in China as Bridgewater Loses 5.6%

Macro hedge funds in China, including Bridgewater Associates’ hugely popular onshore strategy, suffered heavy losses last month as the Iran war roiled markets.

Bridgewater’s All Weather Plus strategy lost 5.6% between Feb. 27 and April 3, according to net value data seen by Bloomberg. The downturn cut its net return in the first quarter to 3.9%, although that is still above the firm’s long-term target and within expectations for a volatile three months, a person familiar with the matter said.