Bridgewater Associates’ flagship hedge fund jumped 11.3% this year through last week, benefiting from market swings set off by President Donald Trump’s trade wars.
The gains in Bridgewater’s Pure Alpha II, which invests in stocks, bonds, currencies and commodities, accelerated during the first half of March, according to a person familiar with its performance. The S&P 500 fell 5.3% in that span, while all of the G7 currencies gained against the dollar.
The firm profited while some other macro peers lost money. Brevan Howard Asset Management’s $11.7 billion Master Fund slid 1% in the first week of March, extending the year’s decline to 5.4%. DE Shaw & Co.’s Oculus fund, which mostly makes macro wagers, fell 4.4% through March 7.
Last year, Bridgewater’s main macro fund returned 11.3% — its best performance since 2018. Even so, that gain trailed its biggest macro competitors.
Nir Bar Dea, who was named Bridgewater’s sole chief executive officer in 2023, has taken steps meant to increase the firm’s returns, including capping the size of its flagship funds and focusing more on artificial intelligence.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
