Dalio’s Hedge Fund at Risk of Being Dumbed by Pension

The video discusses the underperformance of Ray Dalio's Bridgewater Pure Alpha Fund over the past 16 years and the considerations of a pension fund managing $175 million with Bridgewater. It explores the potential impact on other macro managers and the competitive nature of the hedge fund industry. The discussion includes the challenges of client retention, especially for large funds like Bridgewater, and the current market conditions where hedge funds are raising money despite concerns about yields and fees.

What are the implications of underperformance for macro managers in the hedge fund industry?

What trends are observed in the performance of macro hedge funds compared to equity hedge funds this year?