Dalio's Bridgewater Bearish on Financial Assets, ZeroHedge Says
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Bridgewater Associates, the hedge fund firm led by billionaire Ray Dalio, told clients it’s bearish on almost all financial assets, the website ZeroHedge reported Tuesday.
“2019 is setting up to be a dangerous year, as the fiscal stimulus rolls off while the impact of the Fed’s tightening will be peaking,” the hedge fund giant said in a recent note written by Co-Chief Investment Officer Greg Jensen, according to the publication. Bridgewater, the world’s largest hedge fund firm, manages about $160 billion, according to its website.