Bridgewater's flagship macro fund gains 8.1% in first half amid market volatility, sources say

Bridgewater Associates' flagship Pure Alpha macro fund posted a gain of 8.1% after braving a volatile market backdrop during the first half of the year, people familiar with the matter said on ‌Wednesday. Top hedge funds have grappled with turbulence in financial markets this year on the back of the Iran war, as they ‌took heavy losses in the aftermath of the conflict. Bridgewater, which currently manages about $102 billion of assets, has in recent years bet on new strategies, including a fund that uses AI to make investment decisions.