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☆ BlackRock is jumping into one of the hottest sectors on Wall Street
▼ + stars: | 2023-11-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

This post originally appeared in the Insider Today newsletter. In today's big story, we're looking at a Wall Street giant jumping into one of the hottest sectors in finance. Similarly, a Google Brain cofounder said Big Tech companies are lying about AI risks to shut down competition. It's the latest example of how Big Tech can wreak havoc on smaller players overnight. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: —, Julia Nikhinson, Arantza Pena Popo, BlackRock, Larry Fink, Insider's Rebecca Ungarino, Rebecca, It's, Blackstone, BlackRock's Larry Fink, Spencer Platt, Aaron Schwartz, that's, Charlie Munger isn't, Warren Buffett's, it's, Tyler Le, Ksenia Yudina, Gen Z's, Gen, Vegas Wendy Lee, Wendy Lee, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Street, KKR, Getty, Greenwich Economic, Xinhua, Federal Reserve, Big Tech, Market, Sin City Locations: Greenwich, Vegas, Las Vegas, Sin, New York City, San Diego, London, New York

☆ Spiking Treasury yields are triggering pain in stocks. 3 experts discuss the renewed threat of bond vigilantes and what else could move markets.
▼ + stars: | 2023-10-29 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Investors are now tasked with trying to understand where bond yields go next, and what the drivers of those yields would be. Forget about the technical charts, he says — they are not driving the bond market right now. While Fed policy has consequences for the bond market, investors drive the yield, Johnson said. That means trying to predict where bond yields will settle will be very hard. But fear in the stock market could translate to greed in the bond market as investors flee to safety.

Persons: Paul Ciana, Gordon Johnson, —, Johnson, Ed Yardeni, Kevin Zhao, Liz Truss, Ray Dalio, Fitch, Eric Leve, Michael Gayed, there's, Russell, Leve, hasn't Organizations: Federal Reserve, Investors, Bank of America, GLJ Research, UBS Asset Management, CNBC, Greenwich Economic, Tidal Financial, P Bank ETF, BlackRock Locations: Bridgewater, Greenwich

☆ Ray Dalio explains why the surging Treasury yields crushing stocks still have further to run — and details how investors should approach the AI trade
▼ + stars: | 2023-10-05 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Ray Dalio says the primary source of pain for stocks is going to get worse before it improves. Surging Treasury yields have been a major headwind for equities, which have seen their appeal dented by the ever-rising risk-free return offered to bond investors. "We sit at a moment in those bonds that it would seem like something like a 5% rate," Dalio said. That means high yields are bad news for economic growth, he noted. As for AI, Dalio sees a "super huge" impact, although he's wary of a speculative bubble former.

Persons: Ray Dalio, Dalio, Goldman Sachs Organizations: Treasury, Greenwich Economic, Federal Locations: Greenwich, Central

☆ Former Trump cabinet member Wilbur Ross lays out which industries remain dependent on China and which trade partners could fill in the gap
▼ + stars: | 2023-10-05 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Wilbur Ross said pharmaceuticals and industries reliant on rare minerals are still dependent on China. Countries like India, Vietnam, and Mexico will grow to become bigger trade partners, he predicted. Still, there are several industries reliant on China, Ross said. AdvertisementAdvertisementAs the US and China continue their diplomatic standoff, he believes trade partners like Vietnam and Mexico will grow in importance. The U.S. exported $195.5 billion worth of goods to China in 2022, while bringing in more than $560 billion worth of Chinese goods, according to the U.S. Trade Representative.

Persons: Wilbur Ross, —, Commerce Wilbur Ross doesn't, Joe Biden's, Lockheed Martin, Ross, Donald Trump, Ross doesn't, there's Organizations: Commerce, Service, Lockheed, Micron, Intel, Greenwich Economic, Trump, U.S . Trade Representative Locations: China, India, Vietnam, Mexico, Greenwich, U.S

☆ US-China relations are 'on the brink of red lines' but war is still unlikely, says hedge fund legend Ray Dalio
▼ + stars: | 2023-10-04 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Hedge fund legend Ray Dalio said US-China relations are "on the brink of red lines." Even so, Dalio said he doesn't think a war between the US and China is likely. AdvertisementAdvertisementThe US and China relationship is "on the brink of red lines" — but war is unlikely, said hedge fund legend Ray Dalio at the Greenwich Economic Forum on Tuesday, according to a Bloomberg recording. That's the equivalent of declaration of war," said Dalio, who is the founder of hedge fund giant Bridgewater Associates. Dalio stepped down as Bridgewater's co-CIO in October last year but was involved in setting up the hedge fund's first onshore China fund in 2018.

Persons: Ray Dalio, Dalio, — Organizations: Service, Greenwich Economic, Bloomberg, Bridgewater Associates, Bridgewater's Locations: China, Taiwan, Greenwich, United States

☆ In hedge funds' backyard, private credit is the toast of the town
▼ + stars: | 2023-10-04 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Instead, people like Ken Kencel — CEO of Churchill Asset Management, a private credit division of asset management giant Nuveen — held court. In the next decade, he predicted that private credit shops and direct lenders could fill in the holes in the asset-based lending space, as well as home and auto loans. Private credit — or alternative credit or direct lending — is a subsect of finance that has grown rapidly thanks to higher interest rates and distressed banks. Higher interest rates are forcing institutions — the pensions and endowments that make up hedge funds' biggest investors — to rethink their portfolios. But while the Bridgewater founder had the rapt attention of the room, it was at a direct lending panel a couple of hours later when an ambitious audience member pitched himself to the private credit executives onstage.

Persons: Ray Dalio, Cliff Asness, Ken Kencel, —, I've, Banks, Gregory Robbins, Jan Van Eck Organizations: Greenwich Economic, Churchill Asset Management, Golub Capital, Bridgewater Locations: Greenwich, China

☆ Dalio says China-US relations are 'on the brink of red lines'
▼ + stars: | 2023-10-03 | by ( Carolina Mandl | ) www.reuters.com time to read: +2 min

Ray Dalio, Bridgewater's Co-Chairman and Co-Chief Investment Officer speaks during the Skybridge Capital SALT New York 2021 conference in New York City, U.S., September 15, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsGREENWICH, Connecticut, Oct 3 (Reuters) - Ray Dalio, founder of hedge fund Bridgewater Associates, said on Tuesday that the relationship between China and the United States is "on the brink of red lines," although he does not see a war on the way. "U.S.-China relationship relations are in a number of areas on the brink of red lines," he told the audience of investors, adding that a war is unlikely. A China enthusiast and investor, Dalio has helped Bridgewater build a relevant hedge fund in the world's second-biggest economy. Reporting by Carolina Mandl in Greenwich, Connecticut Editing by William Maclean and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Ray Dalio, Bridgewater's, Brendan McDermid, Dalio, Carolina Mandl, William Maclean, Matthew Lewis Organizations: REUTERS, Rights, Bridgewater Associates, Greenwich Economic, Bridgewater, Federal, Carolina, Thomson Locations: New York City, U.S, Rights GREENWICH , Connecticut, China, United States, Greenwich, Taiwan, Washington, Beijing, Greenwich , Connecticut

☆ Dalio Says China-US Relations Are 'On the Brink of Red Lines'
▼ + stars: | 2023-10-03 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

By Carolina MandlGREENWICH, Connecticut (Reuters) - Ray Dalio, founder of hedge fund Bridgewater Associates, said on Tuesday that the relationship between China and the United States is "on the brink of red lines," although he does not see a war on the way. Speaking at the Greenwich Economic Forum, Dalio said that there are irreconcilable differences between the world's two biggest economies, citing as examples the independence of Taiwan, the battle for chips and geopolitics. "U.S.-China relationship relations are in a number of areas on the brink of red lines," he told the audience of investors, adding that a war is unlikely. A China enthusiast and investor, Dalio has helped Bridgewater build a relevant hedge fund in the world's second-biggest economy. Relations between Washington and Beijing have been under increasing strain over spying allegations, human rights, China's industrial policies and U.S. export bans on advanced technologies.

Persons: Ray Dalio, Dalio, Carolina Mandl, William Maclean, Matthew Lewis Organizations: Bridgewater Associates, Greenwich Economic, Bridgewater, Federal, Carolina Locations: Carolina Mandl GREENWICH , Connecticut, China, United States, Greenwich, Taiwan, U.S, Washington, Beijing, Greenwich , Connecticut

☆ Ray Dalio says the 10-year Treasury yield could rise to 5% — and there's risk it goes even higher
▼ + stars: | 2023-10-03 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Ray Dalio believes the surging 10-year Treasury yield could rise even higher to the 5% threshold as he sees hotter inflation for longer. "It would seem that something like a 5% rate, and there's nothing precise about that, but in that neighborhood, you know, would be maybe about right ... with the risk higher," Dalio said Tuesday at the Greenwich Economic Forum in Greenwich CT. The 10-year Treasury yield, which serves as a benchmark for mortgage rates, jumped to 4.76% on Tuesday, i ts highest level since 2007. Deficit risk Then Dalio said the imbalance of government debt's supply and demand picture also caused yields to go higher. "When you look at the expected returns for this moment, cash is a relatively attractive asset class at this moment," Dalio said.

Persons: Ray Dalio, Dalio, That's Organizations: Greenwich Economic, Treasury, Federal Reserve, Bridgewater Locations: Greenwich, Greenwich CT

☆ Billionaire Bridgewater founder Ray Dalio says he's focusing on running his family office, not returning to run the world's largest hedge fund
▼ + stars: | 2023-10-03 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +2 min

Ray Dalio says he's not plotting a comeback to Bridgewater, the fund he founded in 1975. Speaking at a Greenwich conference Tuesday, Dalio denied a New York Times report saying he might return. He said he will focus on running his family office and mentoring Bridgewater's leadership team. Dalio is building out his family office with a new office in Abu Dhabi and hiring in its other hubs in the US and Singapore, according to Bloomberg. The world's largest hedge fund is now being run by Nir Bar Dea, who has already shaken up the firm with a restructure and layoffs.

Persons: Ray Dalio, he's, Dalio, —, Mark Baumgartner, Rob Copeland, Nir Bar Dea Organizations: Bridgewater, New York Times, Service, Bridgewater Associates, Carnegie, Greenwich Economic, Times, Wall Street, New York Post, Bloomberg Locations: Greenwich, China, Westport , Connecticut, Abu Dhabi, Singapore, Bridgewater

☆ Job cuts, a sole CEO, and AI bets: How Bridgewater is shaking itself up after the Ray Dalio era
▼ + stars: | 2023-03-01 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +8 min

The firm's CEO, Nir Bar Dea, said in a memo that it would lay off employees and restructure. Bar Dea had been a rising star at Bridgewater, which has transitioned leadership in recent years. Former co-CEO Mark Bertolini is also stepping out of the role and returning to Bridgewater's board as an independent director, leaving Bar Dea as sole CEO. "Over time, we expect this platform to produce the next round of growth in the business," Bar Dea wrote. 'Finding a home'As far as high finance executives go, Bar Dea has an unexpected background.

☆ Ray Dalio says buy forward the fundamental things you'll need, and shares 3 additional tips that can help investors navigate the current economic environment.
▼ + stars: | 2022-10-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Ray Dalio says we will be searching for a true store hold of wealth for the next 10 years. On Tuesday, Bridgewater Associates founder Ray Dalio took the stage during the Greenwich Economic Forum to discuss the state of the global economy. Central to his discussion was the belief that the Federal Reserve will need to navigate between inflation and a weak economy going forward. But the magnitude of the current economic crisis is not something we're used to, he noted. What is the true store hold of wealth will be the question of our time, Dalio said.

☆ A view from Greenwich: Big investors from Bridgewater, Apollo, and Ares are preparing for when, not if, a recession hits
▼ + stars: | 2022-10-13 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +5 min

At the Greenwich Economic Forum on Tuesday, big investors said they expected a downturn. Many big investors anticipate a lighter recession than in the past as the Fed hikes interest rates. And while it's held in the hedge fund capital of the world, private credit dominated discussions. Some investors, like Lawrence Golub, chief executive of $55 billion credit asset manager Golub Capital, expect a period of low growth but no severe recession. It's going to be one where there's some economic growth in various parts of high-end consumer, or other areas," he said.

☆ Cathie Wood says most investors will be missing out on 'unbelievable opportunities.' She explains why disruptive innovation will scale from less than 10% of the stock market to more than 60% by 2030,
▼ + stars: | 2022-10-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Cathie Wood says innovation will scale from $7 trillion in market cap to $210 trillion by 2030. Wood believes algorithms that are focused on variables such as cash burn and cash cushion, are dominating the stock market. Wood estimated that the autonomous mobility industry will scale to $9 trillion - $10 trillion in revenue by 2030. However, most investors and portfolio managers are truly short on innovation stocks unless they're highly involved with the private markets, she added. "And so if you're short innovation, you're going to be missing some of these unbelievable opportunities."

☆ Billionaire investor Ray Dalio warns the US faces a 'perfect storm' of problems - and predicts more pain for markets and the economy
▼ + stars: | 2022-10-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The US faces a "perfect storm" of debt, political strife, and an overseas war, Ray Dalio said. Dalio warned the Fed will have to hurt markets and the economy to conquer stubborn inflation. Dalio complained that "ridiculously stupid" interest rates and a flood of cheap money have inflated US asset prices and overstimulated the economy in recent years. "They will raise interest rates to the point that there's enough economic pain and financial market pain to deal with that," he said. Dalio, the founder of Bridgewater Associates, recently stepped down as the hedge fund's co-chief investor, and now serves as a mentor to its bosses.

☆ Bridgewater's co-CEO explains how the hedge fund, famous for its brutally honest culture, will evolve for the next generation of employees
▼ + stars: | 2022-10-12 | by ( Alyson Velati | ) www.businessinsider.com time to read: +4 min

Co-CEO Nir Bar Dea is already making changes to its famously radically transparent culture. Bridgewater Associates' co-CEO Nir Bar Dea is looking to make some changes to its controversial culture as founder Ray Dalio takes a step back. "The ideas are different," Dea said speaking at the Bloomberg Invest event Wednesday. Changing the culture for the next generationThe culture changes are already underway, said Dea. In a tweet last week, Ray Dalio said that he would give up control of the $150 billion hedge fund.

☆ How the wealthy use life insurance to escape estate tax and why the tactic is now attracting scrutiny
▼ + stars: | 2022-10-12 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +5 min

I'm Jeffrey Cane, stepping out from behind the 10 Things on Wall Street newsletter curtain to help catch you up on all things financial today. But first: Could I interest you in some life insurance? Yes, life insurance is one answer, but it's life insurance with a twist. This little-known tax tool, which may be coming under increasing scrutiny, is called private placement life insurance, or PPLI. It is effectively a life insurance policy that is owned by an offshore trust.

☆ Bridgewater's Dalio warns of a 'perfect storm' for economy
▼ + stars: | 2022-10-11 | by ( Carolina Mandl | ) www.reuters.com time to read: +2 min

GREENWICH, Conn., Oct 11 (Reuters) - Ray Dalio, the billionaire investor who built Bridgewater Associates into one of the world's biggest hedge funds, said a "perfect storm" is forming that will spread economic pain as the U.S. Federal Reserve raises interest rates. Domestic tension in the U.S. population caused by "irreconcilable differences" and a yawning wealth gap, combined with international conflicts, are contributing to the perfect storm, he said. Register now for FREE unlimited access to Reuters.com Register"The Fed and the government together gave enormous amounts of debt and credit and created a lurch forward. So now we're going to create a giant lurch backward," Dalio said at the Greenwich Economic Forum. read moreThe 73-year-old investor will keep his seat on Bridgewater's operating board of director and will mentor the firm's chief investment officers.

☆ Ray Dalio on stepping away from Bridgewater: 'I love the investment game, so I'll keep playing it'
▼ + stars: | 2022-10-11 | by ( Rebecca Ungarino | Alyson Velati | ) www.businessinsider.com time to read: +4 min

Ray Dalio, founder of Bridgewater Associates, said he's not ready to stop investing just yet. "I love the investment game, so I'll keep playing it. Dalio said in a tweet last week that he would give up control of the $150 billion hedge fund. Bridgewater's investment strategy is being led by the co-chief investment officers Greg Jensen and Bob Prince. Murray claimed that Bridgewater withheld up to $100 million in deferred compensation after she told regulators about the gender-discrimination dispute.

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