Dalio’s Bridgewater Said to Rise in June as Funds Advance

The $2.7 trillion hedge-fund industry posted gains of 1.1 percent in June, the biggest monthly advance in almost a year, after the European Central Bank added stimulus and the U.S. economy strengthened.

Ray Dalio’s Bridgewater Associates LP, Solus Alternative Asset Management LP, Paulson & Co. and Balyasny Asset Management LP were among firms with positive returns as managers across the investing spectrum benefited from gains in multiple markets, according to people with knowledge of the results, who asked not to be named because the information is private.