Beating the market: Ray Dalio’s fund gains 32% so far this year | Dolarhoy.com

In the first half of the year, the S&P 500 fell about 20%, while the Nasdaq 100 fell around 28% and the Dow Jones, 15%. In this challenging context, even Berkshire Hathaway, the Warren Buffetlost almost 10% of its value. Nevertheless, other large investors benefited from the high volatility, such as Ray Dalio.

Specifically, your hedge fund Bridgewater AssociatesThe biggest in the world, posted a 32% return in the first six months of 2022according to a source cited by Bloomberg who decided to remain anonymous for providing these data that are not public.

According to the information provided, the Pure Alpha II fund rose 4.8% in June, boosting the annualized return since its inception in 1991 to 11.4%. Being a macro fund, it is slowly recovering after several years of struggle, as it had lost 12.6% in 2020 and several institutional clients decided to withdraw their capital.

From what was said by the source, it was learned that Bridgewater Associates made money in 65% of the markets in which it operateswith winning bets on interest rates, stocks, commodities, sovereign and corporate credit, and developed market currencies.

As for the rest of the composition of the funds, a few weeks ago, Greg JensenDirector of Investments of the manager, revealed that they opened bets against the corporate debt of the United States and Europe.

According to his statements, the strategy is based on the view that inflation will be much fiercer than anticipated by the United States Federal Reserve (Fed)which will eventually force the monetary entity to speed up the pace of interest rate hike.

Due, the economy would collapse and drag down the weakest companiesas higher rates increase borrowing costs for both corporations and consumers, making it more difficult for companies to obtain financing and thus affecting the price of their bonds.}

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Beating the market: Ray Dalio’s fund gains 32% so far this year | Dolarhoy.com