Macro hedge fund returns diverge amid tariff volatility

Macro hedge fund returns diverge amid tariff volatility

Macro hedge funds delivered highly divergent returns in the first half of 2025, as shifting US trade policy and geopolitical tensions contributed to an uneven investing landscape, according to a report by Institutional Investor. Bridgewater Associates emerged as one of the strongest performers, with its flagship Pure Alpha fund gaining 17% year-to-date. The firm’s All Weather and Asia Total Return strategies also delivered solid results, up 8% a…