Macro Hedge Funds Slammed in China as Bridgewater Loses 5.6%.

The article focuses on the significant losses experienced by China’s macro hedge funds, including Bridgewater Associates’ All Weather Plus strategy, amid market volatility triggered by the Iran war. Bridgewater’s strategy lost 5.6% between late February and early April, while Shanghai Longlife Investment’s Macro Hedging No. 1 fund dropped 25% in March, reflecting a broader slump where China’s macro funds averaged a 6.3% loss last month. Discretionary macro funds in China performed worse than systematic All Weather funds, with year-to-date losses of 10.3%, marking discretionary macro as the worst-performing strategy in the country this year. Despite these setbacks, China’s economy showed resilience with a 5% GDP growth in the first quarter, and some fund managers remain confident in their strategies amid ongoing geopolitical uncertainty. [Extracted from the article]