Smart money doesn't rely on luck; it reads the "macro" scene.

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The 2025 hedge fund returns list carries a profound message for every investor:
Last year was the year of "macro" (Macro) par excellence.

When you look at the numbers, you'll notice two undeniable facts:
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Bridgewater's dominance:
The "Ray Dalio" giant didn't settle for just one position; it secured 5 spots on the list (Asia, Pure Alpha, China, All Weather..) with returns ranging from 20% to 37%.
This tells us that betting on understanding global economic movements and monetary policy changes was the most successful strategy.

Melqart's top spot:
The fund achieved first place with a return of 45.1%, relying on an "Event-Driven" strategy.
This means seizing opportunities from special events (mergers, acquisitions, crises) was the winning card for those with the courage.
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The lesson learned?
While individuals chased noisy stocks, major institutions built their wealth through calm, diversification, and understanding the big game (Macro).

High returns do not come from random risk-taking but from deep knowledge.

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