Dalio’s Macro Fund Plunged About 20% This Year as Market Tanked
- Bridgewater’s Pure Alpha II slid 13% in March through Thursday
- Firm oversees about $160 billion, with half in macro strategy
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Ray Dalio’s macro fund dropped about 20% this year as the billionaire fund manager found himself on the wrong side of a market rout caused by the escalating coronavirus pandemic.