Billionaire Ray Dalio’s macro hedge fund slumped 6.9 percent last month, according to a person with knowledge of the matter, as China’s currency devaluation and commodity market volatility rattled markets.
The loss for the Pure Alpha fund reduced its year-to-date gain to 4.1 percent, said the person, who asked not to be identified because the information is private. The HFRI Macro Index declined 1.2 percent last month and is down 0.7 percent for the year.
