Given the difficult market conditions over the past year, it’s not surprising that several of the most prominent IPOs over the past 12 months, including Third Harmonic Bio, Inc.
Market moves this year have been particularly favourable for macro funds that seek strong trends. Ray Dalio’s Bridgewater Pure Alpha is up 21.5 per cent, Crispin Ode is up 115 per cent and Haidar Capital is up 170 per cent.