China’s macro hedge funds suffered broad losses in March as Middle East tensions
triggered sharp swings across asset classes. Bridgewater Associates’ All Weather
Plus strategy fell 5.6% from Feb. 27 to April 3, trimming Q1 returns to 3.9%,
while Shanghai Longlife Investment Co.’s Macro Hedging No. 1 fund slumped 25% in
March, cutting its quarterly gain to 13%. Macro funds lost 6.3% on average,
their worst showing since at least early 2025, according to PaiPaiWang
Investment & Management Co.. Discretionary funds dropped 10.3% year-to-date,
underperforming systematic strategies, while global peers also declined,
highlights widespread pressure from geopolitical-driven market volatility.
