In ‘Tricky’ Month for Macro Managers, Bridgewater Extended Its Gains

Brevan Howard, Discovery, and others posted mixed results in May.

Ray Dalio (Scott Eells/Bloomberg)

Ray Dalio

(Scott Eells/Bloomberg)

Bridgewater extended its gains in May, a month that one macro manager described as “tricky.”

The world’s largest hedge fund firm, headed by Ray Dalio, posted a 1.4 percent gain in Pure Alpha 18 Percent, its flagship fund. The fund, sometimes called PA II, is now up 5.4

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.