Insiders: Bridgewater's flagship macro fund withstands market turbulence, achieving an 8.1% return in the first half of the year.

Insiders said on Wednesday that Bridgewater Associates' flagship product, the Pure Alpha macro fund, achieved a return of 8.1% in the first half of the year, withstanding the impact of intense market volatility. The financial markets experienced significant fluctuations this year due to the Iran war, causing many top hedge funds to struggle and suffer major losses after the conflict ended. However, the industry as a whole has since rebounded and stabilized. In the first six months of this year, the S&P 500 index and the Nasdaq index rose by 9.67% and 12.48% respectively, approaching record highs. Two sources said that large multi-strategy funds like Millennium and Point72 also achieved double-digit returns during the same period. Bridgewater Associates, which manages approximately $102 billion in assets, has been actively deploying new strategies in recent years, including a fund that uses artificial intelligence for investment decisions. Additionally, Bridgewater has partnered with Dufu Global Investment Management to launch an exchange-traded fund. One source mentioned that the AI fund, named AIA Macro Fund, achieved an 8.1% return during the same period. Since its launch at the end of 2023, the AIA Fund has had an annualized return of 11.3% and currently manages approximately $4.5 billion in assets.