Hedge Fund Founder Dalio Warns Clients About Trump Policies

Ray Dalio, the founder of the world’s largest hedge fund, is warning clients that he’s grown increasingly worried that the Trump administration’s policies could damage global growth, news reports said Wednesday.

That marks a shift from November, when the billionaire investor who runs Bridgewater Associates wrote that his “very preliminary” assessment was that the developments on the economic front following Donald Trump’s presidential election victory were “broadly positive.”

In a Tuesday note to clients, Dalio and his co-chief investment officer, Bob Prince, cautioned that the downside effects of Trump’s policies could outweigh the benefits, according to news reports.

“We are now in a period of time when how this balance tilts will be more important to the economy, markets and our well-beings than normally dominant divers such as central bank policies,” they said, according to Reuters.

via MarketWatch

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza