Dalio’s Bridgewater Falls Out of Favor at UOB Private Bank

Ray Dalio’s Bridgewater Associates LP, the world’s biggest hedge fund, has fallen out of favor at a Singapore-based private bank that advises some of Asia’s wealthiest people.

UOB Private Bank, a unit of Southeast Asia’s third-largest lender, recommended around mid-year that clients pull their money from Bridgewater, Chief Investment Officer Neo Teng Hwee said.