Billionaire hedge fund manager Ray Dalio, who was initially bullish on Donald Trump’s ability to stimulate the economy, is growing increasingly concerned about the potential consequences of his presidency.
The founder of the $160 billion Bridgewater Associates said Trump’s decision last week to exit the Paris climate accord, a landmark pact reached by almost 200 countries to curb fossil-fuel production, is the latest example of the president’s approach to conflict.
The billionaire also spoke up last month, after Trump fired FBI Director James Comey, who previously served as Bridgewater’s general counsel for three years. Comey was a man of "high principles operating in a low-principles environment," he said.
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
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