Finance
Bridgewater’s Flagship Macro Fund Lost 7.6% Last Year
- The fund had been up 7.5% through October before bonds jumped
- The firm’s long-only All Weather fund climbed 10.6% last year
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Bridgewater Associates’s flagship hedge fund lost 7.6% last year, with all of the drop coming in the last two months of 2023, according to people familiar with its performance.
The losses for the world’s biggest hedge fund corresponded to the biggest two-month gain in global bonds since at least 1990 and a roughly 14% gain in US shares.