Bridgewater’s Pure Alpha Lags Macro Peers

While the world’s largest hedge fund is either down or narrowly positive in variations of its main strategy, peers like Caxton and Tudor are faring better.

Ray Dalio (Patrick T. Fallon/Bloomberg)

Ray Dalio

(Patrick T. Fallon/Bloomberg)

Bridgewater Associates’ Pure Alpha strategy made money in June, helping it to post a small gain for the quarter, but the firm’s macro funds remain in negative territory for the year to date.

At the same time, many of its macro peers are solidly up for the year.

Pure

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