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

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

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 percent for the

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