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Investment News - Bridgewater Soars 26%
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This is a financial news article about hedge fund performance with no direct relevance to AI safety, alignment, or related technical topics; it appears to have been included in this knowledge base erroneously.
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Summary
This Investment News article reports on Bridgewater Associates achieving a 26% return, outperforming other major hedge funds. The piece covers performance rankings among the largest hedge funds, likely discussing macro strategies that drove Bridgewater's gains.
Key Points
- •Bridgewater Associates posted a 26% return, leading among the largest hedge funds in performance rankings.
- •The article benchmarks Bridgewater's gains against competitor hedge funds.
- •Strong macro investment strategies are likely credited for the outperformance.
- •The report highlights competitive dynamics among major institutional investment vehicles.
Cited by 1 page
| Page | Type | Quality |
|---|---|---|
| Bridgewater AIA Labs | Organization | 66.0 |
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Bridgewater soars 26% to lead pack of biggest hedge funds - InvestmentNews
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Bridgewater soars 26% to lead pack of biggest hedge funds
The firm's flagship macro fund is on pace for its biggest gain in 15 years.
OCT 02, 2025
By
Bloomberg
Bridgewater Associates ’ flagship macro fund climbed 26.4% in the first nine months of this year as tariff-fueled market uncertainty boosted the firm and its peers.
The hedge fund is on track for its biggest gain since 2010, according to a person familiar with the matter, who asked not to be identified because the returns aren’t public.
Hedge funds overall have posted strong gains this year, aided by surging US shares and volatility in bond and currency markets spurred by President Donald Trump’s trade wars. The S&P 500 climbed 14% through the third quarter.
Read more: Bridgewater's flagship hedge fund surges amid volatile markets
The previous decade had been tough for Bridgewater and other macro funds as historically low interest rates calmed the market volatility that typically powers gains for those firms. Bridgewater’s Pure Alpha II macro fund posted annualized returns of less than 3% between 2012 and 2024.
A spokesperson for Bridgewater declined to comment on the recent returns.
The 50-year-old firm has been in reboot mode since Nir Bar Dea became sole chief executive officer in 2023 and made sweeping personnel changes and cut assets in a bid to boost performance. Westport, Connecticut-based Bridgewater’s billionaire founder, Ray Dalio, has completely exited the firm, selling his remaining stake and stepping off the board earlier this year.
In January, the firm elevated veteran macro trader Ben Melkman, a rare outsider, to the role of deputy chief investment officer.
Melkman shares that role with firm insiders David Trinh and Blake Cecil.
He was hired last year and was among the first — and most high-profile — managers to join the insular firm from a competitor. While Bridgewater is a systemic macro fund that uses what it calls “timeless and universal” algorithmic rules to determine trades, Melkman’s style has historically been more freewheeling.
Read more: Ray Dalio's 'all weather' strategy makes ETF debut
After seven years at Brevan Howard Asset Management, where he was a partner, he formed his own hedge fund, Light Sky Macro, in 2017. Melkman closed that firm five years later and joined Schonfeld Strategic Advisors before decamping for Bridgewater less than a year later.
By contrast, the fi
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