Why Is This Big Hedge Fund Manager Terrified?
by David Kranzler
Investment Research Dynamics
When I saw this comment from Ray Dalio I said to myself, “this isn’t someone trying to be a prognosticator or compassionate person, this is someone that has had an epiphany that his huge success probably had more to do with his rolodex and endless supply of free money more than anything else and is becoming depressed over that realization.” His All Asset fund was down 7% in 2015 and negative 2 of the past 3 years. – A colleague who manages money in an email to IRD today
Ray Dalio has achieved “rock star” status in the hedge fund world. Per a report sourced by Zerohedge, Dalio appears to be frightened by the prospects of the “normalization” of Central Bank monetary policy. In fact, he penned an op-ed in the Financial Times in which he states: “Since the dollar is the world’s most important currency, the Fed is the most important central bank for the world as well as the central bank for Americans, and as the risks are asymmetric on the downside, it is best for the world and for the US for the Fed not to tighten.”
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Source: http://financialsurvivalnetwork.com/2016/01/why-is-this-big-hedge-fund-manager-terrified/?utm_source=rss&utm_medium=rss&utm_campaign=why-is-this-big-hedge-fund-manager-terrified
