Ray Dalio, founder of Bridgewater Associates, the largest hedge fund in the world, says he is worried about how the economy will look like in the next 2-3 years.
"I'm worried about what the next downturn might look like," Dalio said.
"All of these tensions will be exacerbated," Dalio added. "The wealth gap and the tensions between the groups will be exacerbated — the effectiveness of monetary policy in stimulating an economy is less than it used to be."
"The asset prices have benefited and are now high as a result of the liquidity that has been put in. We're near the best we can be.", in addition he said.
The Westport, Connecticut-based Bridgewater managed about $103 billion in hedge fund assets as of midyear 2016, according to the HFI Billion Dollar Club ranking, making it the world's biggest hedge fund.
Source: Business Insider
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