Dalio's Macro Fund Drops 20% Amid Market Rout

The transcript discusses the performance of hedge funds during the early stages of the coronavirus pandemic, focusing on Ray Dalio's fund, which faced significant losses. The fund's strategy involved betting on equities rising and treasury prices falling, which did not play out as expected. Despite some cushioning from IT stock index options, the fund still experienced a 20% loss. The discussion highlights the challenges faced by hedge funds in navigating the market during the pandemic and anticipates more funds facing similar difficulties in the coming weeks.

What positions were the hedge funds betting on during the market fluctuations?

What can we expect in the coming weeks regarding hedge fund performances?