Pure Alpha reporting a loss for the first half of 2019

Bridgewater Associates' Pure Alpha Fund reported one of its worst losses not only for the H1 in 2019, but also for the first six months of the year for a decade. The stock and bond market has leapt to the prospect of further loosening of monetary policy.

The Pure Alpha Fund seeks to follow macroeconomic trends, but on 30.06.2019 it reported a loss of 4.9% for the first half of the year. The hardest was the loss in January, when Pure Alpha fell by 4.5%. Since then, the fund has managed to cover some of the losses, with the fund down by 1.45% by mid-July. For comparison, the S & P500 has been up 18% since January and the FTSE All-World Index is up 15%.

Pure Alpha is the largest fund in the world, a flagship of Bridgewater Associates, founded by Ray Dalio. The fund manages funds worth $ 160 billion.

The Pure Alpha results report comes days after Linkedin, Dalio, wrote that investors are too concerned about risky assets. He recommended investing in gold as a conservative, traditional tool in difficult times for protection.

Source: CNBC

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