China macro hedge funds weather July selloff as quants take heavy losses
China’s macro hedge funds, including Bridgewater Associates’ China business, proved more resilient than many of the country’s quantitative strategies during July’s sharp equity market selloff, according to a report by Bloomberg.
China's macro hedge funds demonstrated greater resilience than many quantitative strategies during July's equity market downturn, according to a report by Bloomberg. Bridgewater Associates, a prominent multi-asset manager with over RMB60bn ($8.9bn) in China, experienced a 2.8% decline in its local All Weather Plus strategy in July before fees.
Despite this setback, the fund remained up about 3% for the year through 31 July, according to an investor letter. Other macro managers also absorbed losses while preserving their annual gains, highlighting the appeal of macro strategies that can spread exposure across various asset classes during periods of market stress.
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