Friday’s data revealed that hedge funds and other asset managers liquidated over $2 billion in gold futures over the course of the week. A powerful rebound sent potential shockwaves throughout the industry, however. Sarhan Capital’s Adam Sarhan commented on the development, stating: “It’s still too early to say if this rebound in wheat and gold…

This past April saw hedge funds fall 1%, while the Bloomberg aggregate hedge fund index fell from 118.60 to 117.45 as well. Fundamental Capital Management’s Jay Krieger explained: “Hedge fund managers have been somewhat cautious. They’re not going to jump on the recovery bandwagon.”

Bridgewater Associates chief investment and chief executive officer Ray Dalio wrote a guiding document for the firm. He said: “You can probably get what you want out of life if you can suspend your ego and take a no-excuses approach to achieving your goals with open-mindedness, determination and courage.”