桥水强势反弹！旗舰基金飙涨26%，或创2010年以来最佳表现

Group 1 - Bridgewater Associates' flagship macro fund, Pure Alpha II, saw a significant asset management increase of 26.4% from January to September, potentially marking the largest annual growth since 2010 [1] - The strong performance of hedge funds this year is attributed to the surge in the U.S. stock market and market volatility caused by President Trump's trade war, with the S&P 500 index rising by 14% by the end of the third quarter [1] - The past decade has been challenging for Bridgewater and other macro funds due to historically low interest rates suppressing market volatility, which is crucial for these funds to generate returns [1] Group 2 - Since the appointment of Nir Bar Dea as the sole CEO in 2023, Bridgewater has been undergoing a restructuring process, including significant personnel changes and asset size reductions to improve performance [1] - Ray Dalio, the founder and billionaire, has completely exited the company earlier this year, selling his remaining shares and stepping down from the board [1] Group 3 - Ben Melkman was appointed as the Deputy Chief Investment Officer in January, being one of the first external executives to join the traditionally closed company, and he is known for a more flexible trading style compared to Bridgewater's systematic approach [2] - Melkman previously worked at Brevan Howard and founded his own hedge fund, Light Sky Macro, before joining Bridgewater [2] - The three co-CIOs at Bridgewater have spent their entire careers within the company, contrasting with Melkman's external experience [2] Group 4 - Greg Jensen is responsible for a new fund launching in 2024 that utilizes machine learning and artificial intelligence for investment decisions, which has already gained 6.5% this year [3] - Bridgewater's Asia Total Return fund has increased by 32% and the China Total Return fund has risen by 28.9% as of September [3] - As of December 31 last year, Bridgewater's assets under management were $92 billion, down from nearly $140 billion at the beginning of 2023 [3]