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Bridgewater’s July Gains Boosted Its Risk Parity Strategy — But Its Main Macro Funds Are Still Hurting

The macro giant’s All Weather fund is now profitable for the year, but its Pure Alpha funds are still solidly in the red.

Bridgewater Associates’ risk parity fund is now profitable after posting a sharp gain in July — but the world’s largest hedge firm’s main macro funds remain solidly negative for the year, even after posting small gains last month.The firm’s Pure Alpha I fund rose just 0.50 percent in July. It

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