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☆ McCormick wants the US to divest from China. As a hedge fund manager, he oversaw investments in Chinese companies grow more than a thousand-fold
▼ + stars: | 2023-11-04 | by ( Em Steck | ) edition.cnn.com time to read: +5 min

However, as the head of the world’s largest hedge fund, McCormick oversaw massive investments into US exchange traded Chinese companies and holdings, according to a CNN KFile review of the hedge fund’s holdings. I held deep reservations about Bridgewater’s exposure to the moral and patriotic hazards of doing business in China,” McCormick said in September 2023 before officially launching his campaign. That amounts to a 108,000% increase in Chinese holdings over a five-year period. In 2017, Bridgewater reported investing in just one US exchange traded Chinese company; by the final quarter of 2021, its holdings included 47 Chinese companies. McCormick’s hedge fund also held an additional $779 million indirectly in Chinese companies through their investments in exchange traded funds.

Persons: David McCormick’s, McCormick, ” McCormick, Hugh Hewitt’s, CNN’s KFile, Bush, Mehmet Oz, Oz, Democrat John Fetterman, Bridgewater, Elizabeth Gregory, “, he’s, Ray Dalio –, thievery ”, ” Organizations: New, New York CNN, US, CNN, CCP, Bridgewater Associates, US Securities and Exchange, Bridgewater, Republican Party, Republican, Democrat, Chinese Communist Party, US Commerce Department Locations: New York, Pennsylvania, hardliner, China, McCormick’s, United States, Xinjiang, ”

☆ How Does the World’s Largest Hedge Fund Really Make Its Money?
▼ + stars: | 2023-11-01 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +2 min

For years, the whispered questions have passed from one Wall Street trading floor to the next. Bridgewater Associates, a global investing force, had $168 billion under management at its peak in 2022, making it not just the world’s largest hedge fund, but also more than twice the size of the runner-up. Yet the hedge fund’s overall descriptions of its investment approach could be maddeningly vague. Mr. Dalio often said he relied on Bridgewater’s “investment engine,” a collection of hundreds of “signals,” or quantitative indicators that a market was due to rise or fall. (One rule reads, in part: “Not all opinions are equally valuable so don’t treat them as such.”)

Persons: Ray Dalio, Dalio, Bridgewater Organizations: Bridgewater Associates, Bridgewater, White, Federal Reserve Locations: Manhattan, Bridgewater

☆ Elon Musk, Jamie Dimon, and Ray Dalio just issued fresh warnings about the US economy. Here's what 10 experts recently said about recession risks.
▼ + stars: | 2023-10-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Elon Musk, Jamie Dimon, and Ray Dalio all have serious concerns about the US economic outlook. Leon Cooperman, David Solomon, and David Rosenberg have also predicted trouble in recent days. AdvertisementAdvertisementJamie Dimon, Elon Musk, and Ray Dalio are just some of the high-profile commentators who've raised the alarm on the economic outlook in recent days. Elon Musk, CEO of Tesla"I think there's still quite a few shoes to drop on the bad credit situation. David Rosenberg, president of Rosenberg Research"I am willing to acknowledge that the recession has been delayed.

Persons: Elon Musk, Jamie Dimon, Ray Dalio, Leon Cooperman, David Solomon, David Rosenberg, —, who've, Jeremy Grantham, Tesla, I'm, Rosenberg, We've, Goldman Sachs, there's, we've, Larry Fink, Fink, Stephen Schwarzman, Blackstone, we'll, Harley Bassman Organizations: Service, JPMorgan, Omega, Bridgewater Associates Locations: Israel, Ukraine, China

☆ 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

☆ Global recession and financial crisis could hit if the Israel-Hamas war pulls in the US and Iran, Wall Street veteran says
▼ + stars: | 2023-10-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The Israel-Hamas conflict may trigger a global recession and financial crisis, Jim Rickards says. The Wall Street veteran flagged the risks of rising oil prices, weaker demand, and de-dollarization. AdvertisementAdvertisementIf the Israel-Hamas conflict spreads, it could spark a worldwide downturn and financial catastrophe, one Wall Street veteran has warned. "We're losing the financial war in Ukraine, we're losing the financial war to the BRICs," he continued, referring to Brazil, Russia, India, China, and South Africa. AdvertisementAdvertisementRickards isn't the only expert sounding the alarm on the Israel-Hamas conflict.

Persons: Jim Rickards, —, Julia LaRoche, Rickards, We're, we're, Ray Dalio Organizations: Wall Street, Service, Wall, Hezbollah, Israel, Citibank, Term Capital Management, West Texas Locations: Israel, Gaza, Lebanese, Iran, American, Brent, Russia, Ukraine, Brazil, India, China, South Africa

☆ Wall Street warning: Ray Dalio, Jamie Dimon, Larry Fink issue grim outlooks for the global economy
▼ + stars: | 2023-10-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Ray Dalio, Jamie Dimon, David Solomon, Larry Fink, and Steve Schwarzman all shared their views. They tackled topics such as inflation, recession, the Israel-Hamas war, and commercial real estate. JPMorgan CEO Jamie Dimon, BlackRock CEO Larry Fink, Goldman Sachs CEO David Solomon, Blackstone CEO Steve Schwarzman, and Bridgewater Associates founder Ray Dalio all shared their views. They touched on everything from the Israel-Hamas conflict and pressures on commercial real estate to inflation, interest rates, fiscal and monetary policies, and the risk of recession. David SolomonThe Goldman Sachs chief recalled the boom in mergers and acquisitions coming out of the pandemic, as massive amounts of fiscal stimulus and rock-bottom interest rates fueled "extreme confidence."

Persons: Ray Dalio, Jamie Dimon, David Solomon, Larry Fink, Steve Schwarzman, —, Goldman Sachs, Blackstone, Dalio, Dimon, Fayez Nureldine, David Solomon The Goldman Sachs, that's, Solomon, Fink, aren't, he's, we'll, Schwarzman Organizations: Service, Future Investment Initiative, Tuesday, JPMorgan, BlackRock, Bridgewater Associates, Getty Locations: Saudi Arabia, Israel, Russia, Ukraine, Riyadh, AFP

☆ Davos in the Desert: Jamie Dimon and other bankers visit Saudi Arabia as Israel-Hamas war rages
▼ + stars: | 2023-10-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +6 min

Dubbed “Davos in the Desert,” the annual Future Investment Initiative (FII) will welcome about 6,000 participants from more than 90 countries over the next three days. Since the Hamas assault on October 7, Israel has widened its offensive against the Palestinian militant group and other regional enemies. Saudi Arabia’s crown prince Mohammad bin Salman, denied any personal involvement in Khashoggi’s murder but later confirmed it was carried out by Saudi officials. Bin Salman chairs the Public Investment Fund. “Very few people” had canceled plans to attend the conference, according to Richard Attias, the CEO of the FII Institute, the event’s organizer.

Persons: Jamie Dimon, Citigroup’s Jane Fraser, Defense Lloyd Austin, Larry Fink, Goldman Sachs, David Solomon, Noel Quinn, Ray Dalio, Stephen Schwarzman, Harvey Schwartz, Blackstone, Carlyle, “ We’re, it’s, ”, Fraser, Fink, “, Karen E, WeWork, Slack, Jamal Khashoggi, Saudi Arabia’s, Mohammad bin Salman, Bin Salman, bin Salman, Masayoshi, Richard Attias, Young, — Winston Lo, Michelle Toh Organizations: London CNN, “, Future Investment Initiative, Defense, Palestinian, Israel Defense Forces, West Bank, HSBC, Citigroup, Saudi, Public Investment Fund, Columbia University’s Center, Global Energy, CNN, Reliance Retail, Softbank’s Vision, Future Investment, FII Institute, Young of Columbia University Locations: Saudi Arabia, Israel, “ Davos, Gaza, Lebanon, Riyadh, Ukraine, Europe, United States, Washington, Russia, Saudi, Istanbul, Kingdom, Hong Kong

A Saudi man's reflection is seen in mirror glass at the Future Investment Initiative conference, in Riyadh, Saudi Arabia, October 25, 2022. Geopolitical tensions heightened by the Middle East conflict pose the biggest threat to the world economy, World Bank President Ajay Banga said. The conflict could upset the stability of the Middle East just as regional powerhouse Saudi Arabia pours hundreds of billions of dollars into a vast economic transformation plan. Saudi Arabia is putting U.S.-backed plans to normalise ties with Israel on ice, two sources familiar with Riyadh's thinking said, signalling a rapid rethinking of its foreign policy priorities as war rages between Israel and Hamas. The last year has seen Saudi Arabia spend billions on companies, from sports to gaming to aviation.

Persons: Ahmed Yosri, Ajay Banga, Banga, Laurence Fink, Fink, Goldman Sachs, David Solomon, JPMorgan's, Jamie Dimon, Jane Fraser, Ray Dalio, Dalio, Noel Quinn, Bill Winters, Barack Obama, Yasser al, Salomon, Hess, Stephen Schwarzman, Schwarzman, Prince Mohammed bin Salman, Joe Biden's, Richard Attias, Rosario, Amanda Cooper, Alun John, Michael Georgy, Anousha, John O'Donnell, Susan Fenton Organizations: Future Investment Initiative, REUTERS, Rights, Saudi Arabia's, Hamas, BlackRock, Bridgewater Associates, HSBC, Former U.S, U.S, Saudi Telecom Corp, Telefonica, Investment Fund, Chevron, Blackstone Group, Investment Initiative, Saudi, FII, Reuters, Jorgelina, Thomson Locations: Saudi, Riyadh, Saudi Arabia, Rights RIYADH, Israel, Davos, Swiss, Gaza, Europe, Asia, London

☆ Ray Dalio says this 1 question will help you uncover someone's true motives: 'This applies to everything'
▼ + stars: | 2023-10-19 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Almost everyone has an ulterior motive, according to billionaire investor Ray Dalio — and figuring it out comes down to asking yourself one simple question. "This applies to everything: when you're buying something, asking for advice, reading the newspaper, watching the news, etc.," he wrote. "That is because most people (though not all people) are trying to sell you something that will help them get the things they want." As for seeing things from a "higher level," Dalio has long attributed that ability to his success at evaluating financial markets. "I call this ability to rise above your own and others' circumstances and objectively look down on them 'higher-level thinking,'" Dalio wrote on Facebook a year later.

Persons: Ray Dalio —, Dalio, Diane Dreher, " Dreher Organizations: Bridgewater Associates, Pew Research Center, Psychology Today, YouTube, Facebook, CNBC, Global Locations: U.S

☆ A low-cost way to protect against an S&P 500 drawdown as risks escalate
▼ + stars: | 2023-10-16 | by ( Michael Khouw | ) www.cnbc.com time to read: +8 min

The Cboe Volatility Index , commonly referred to simply as "the VIX", is an index derived from 30-day S & P 500 index options prices. Put simply, the VIX represents the options market's expectations for S & P 500 volatility over the next 30 days. Sometimes referred to as a "fear index", Friday's VIX Index closing level of 19.32 is only slightly below the 6-month high of 20.09 seen on May 4th. Financials significantly outperformed, finishing Friday up 0.2% while the S & P overall fell by 0.5%. Options traders and strategists are often asked, "Is there a way to use options to hedge my portfolio?".

Persons: Gerald Ford, Dwight Eisenhower, Ike, Ray Dalio, Wells, Financials, doesn't Organizations: Investors, Federal, University of Michigan, West Bank, IDF, Bridgewater Associates, JPMorgan, Citigroup, Trader, Trust Locations: Ukraine, Gaza, Israel, Saudi Arabia, Lebanon, Iran, Europe, Wells Fargo

High funding needs and central banks removing support are increasing pricing uncertainty for investors, Sophia Drossos, hedge fund Point72 Asset Management's chief economist, said. Spending plans lacking credibility were seen as most likely to spark market turmoil. I suspect not by default, but when markets start reflecting their worries in Treasury prices, by a political crisis and a potentially ugly adjustment," the former IMF chief economist said. "We need more investment, not less," said King's College London professor Jonathan Portes, Britain's cabinet office chief economist during the financial crisis. Not enough reforms are being implemented, OECD chief economist Clare Lombardelli warned.

Persons: Andrew Kelly, Peter Praet, Praet, Sophia Drossos, Daniel Ivascyn, Claudio Borio, Olivier Blanchard, Ray Dalio, Janet Yellen's, Yellen, Jim Leaviss, Giancarlo Giorgetti, Daleep Singh, Joe Biden, Britain's, Yellen's, Jonathan Portes, Clare Lombardelli, Moritz Kraemer, Yoruk Bahceli, Maria Martinez, Leigh Thomas, Giuseppe Fonte, Nell Mackenzie, Naomi Rovnick, William Schomberg, Jan Strupczewski, Dan Burns, Elisa Martinuzzi, Riddhima Talwani, Jayaram, Emelia Sithole Organizations: Financial, of, REUTERS, Institute of International Finance, Reuters, European Central Bank, ECB, Bank for International, Peterson Institute for International Economics, Associates, U.S . Treasury, Wall, Economy, Britain's Treasury, Congressional, Britain's, Institution, Reuters Graphics ACT, King's College London, Labour Party, OECD, Graphics, Thomson Locations: of Manhattan , New York City, U.S, Italy, Britain, United States, Europe, Ukraine, Berlin, Paris, Rome, London, Brussels, Washington, Marrakech

High funding needs and central banks removing support are increasing pricing uncertainty for investors, Sophia Drossos, hedge fund Point72 Asset Management's chief economist, said. Spending plans lacking credibility were seen as most likely to spark market turmoil. I suspect not by default, but when markets start reflecting their worries in Treasury prices, by a political crisis and a potentially ugly adjustment," the former IMF chief economist said. Italy's 2.4 trillion-euro debt pile is the focus in Europe, where the IMF has said high debt leaves governments vulnerable to crisis. "We need more investment, not less," said King's College London professor Jonathan Portes, Britain's cabinet office chief economist during the financial crisis.

☆ There's now a 50% chance of world war as the Israel-Hamas conflict threatens to spread, hedge fund legend Ray Dalio says
▼ + stars: | 2023-10-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The risk of a world war that includes the US and China has risen to 50%, the elite investor says. AdvertisementAdvertisementThe Israel-Hamas clash threatens to spark other bloody battles, meaning it's now a coin toss whether a world war breaks out that includes the US and China, Ray Dalio has warned. "If they spread to other countries, most importantly the major countries, there will be a much more horrific hot world war," he said. "It seems to me that the Israel-Hamas war is another classic, unfortunate step toward a more violent and encompassing international war." Dalio said his "pipe dream" would be for everyone to recognize the horror of a world war and come together to avoid one.

Persons: Ray Dalio, —, Dalio, Bridgewater's Organizations: Service, Bridgewater Associates, Hamas Locations: Israel, China, Gaza, Russia, Ukraine

☆ The Latest News, Headlines, and Business Stories for October 10
▼ + stars: | 2023-10-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Business: All the best deals for Amazon's October Prime Day sales. 3 things in businessAmazonAll the best October Prime Day deals. Amazon Prime Big Deals Days (also known as the October Prime Day) kicks off today.

Persons: —, you've, Yasser Qudih, Tom, Khan Yunis, Said Khatib, Janet Yellen, Chip Somodevilla, Yellen, Ray Dalio, David Risher, Kendall Jenner, Naomi Osaka, Charli D'Amelio, Tom Brady, Bob Iger, Nelson Peltz, Brady MacDonald, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, Hamas, Getty, Bridgewater Associates, America, Technology, Meta, Disney, ESPN, ABC, National Hockey League, Vegas Golden Knights, Nashville Predators, Tampa Bay Lightning, Chicago Blackhawks, Pittsburgh Penguins, Amazon, PepsiCo, Sky, Delta Sky Club, LAX, LAX Sky Club, Hollywood Locations: Israel, Gaza, AFP, Dadu, Charli, Phoenix, Seattle, New York City, San Diego, London, New York

☆ Wall Street sees the market's bumpy ride continuing in the 4th quarter. Here are the risks in store
▼ + stars: | 2023-10-05 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Many investors expect that could be the capitulation event equities need to bottom out before rebounding. "If you get down to five and a quarter all hell's gonna break loose," Rob Ginsberg, managing director at Wolfe Research. The yield on the 10-year Treasury has spiked sharply to about 4.8% this week, about 1 whole percentage point above where it was in mid-July at around 3.7%. In fact, it won't take much for the positive narrative to start to take hold in markets, Hogan said. Hogan anticipates the S & P 500 could rise to 4,800 by year end, about 13% above where it is currently.

Persons: Rob Ginsberg, Fitch, Ray Dalio, Jamie Dimon, Wolfe Research's Ginsberg, Ginsberg doesn't, You'll, Ginsberg, Riley Financial's Art Hogan, they'll, Read, Hogan, Kevin McCarthy, Goldman Sachs, Jan Hatzius, Katie Stockton, Bank of America's Stephen Suttmeier, Jeffrey Hirsch, I'm, Hirsch Organizations: Dow Jones, Treasury, Wolfe Research, Federal Reserve, JPMorgan, CNBC Pro's, Supply, Bank of America's Locations: Saudi Arabia

☆ 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

☆ The collapse in Treasury bonds now ranks among the worst market crashes in history
▼ + stars: | 2023-10-05 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

That's just under losses seen in the stock market when the dot-com bubble burst. The bond rout is worse than the one seen in 1981 when the 10-year yield neared 16%. Bloomberg reported losses on Treasury bond with maturities of 10 years or more had notched 46% since March 2020, while the 30-year bond had plunged 53%. Those losses are nearly in line with stock-market losses seen during the worst crashes of recent history — when equities slumped 49% after the dot-com bubble burst and 57% in the aftermath of 2008. While interest rates remain well below that level today, the central bank's aggressive turn toward monetary tightening in the post-pandemic era has caused a similar bond-market rout.

Persons: That's, —, Paul Volcker, Bill Ackman, Ray Dalio, Bill Gross Organizations: Bloomberg, Service, Federal Reserve, Investors

☆ What Kevin McCarthy's ousting as House Speaker means for markets
▼ + stars: | 2023-10-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The ousting of Republican Kevin McCarthy as House Speaker may not have an immediate impact on Wall Street, but it raises the likelihood of a government shutdown in the fourth quarter — which could inject more volatility into an already rattled market. Now, Congress also grapples with deciding its next speaker to lead the House. "The immediate market impact of McCarthy's ouster is relatively limited as the government is funded through November 17," said BTIG's Isaac Boltansky. "The near-term concern is that the House's paralysis will further complicate the already complicated calculus surrounding the forthcoming funding fight." Impact on the defense sector The removal of McCarthy could have an impact on the defense sector.

Persons: Kevin McCarthy, Goldman Sachs, Jan Hatzius, Ray Dalio, Isaac Boltansky, McCarthy, Scott Deuschle, Lockheed Martin, Northrop Grumman, Deuschle, — CNBC's Michael Bloom Organizations: Deutsche Bank, Lockheed, General Dynamics, Huntington Ingalls Industries Locations: Ukraine

☆ 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

☆ The one thing in markets everyone should be watching
▼ + stars: | 2023-10-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

The 10-Year US Treasury yield is arguably the most important thing to watch right now for investors. The 10-Year yield has soared to levels not seen since 2007, and that's having a big impact on stock prices. Here's what you need to know about what bond yields are doing to markets and the economy. Rising bond yields are also thrashing the bond market, as bond prices fall when yields rise. AdvertisementAdvertisementHigher interest rates also means higher credit card rates, leading to a rise in delinquencies in recent months.

Persons: —, It's, Ray Dalio, Bill Ackman, Bill Gross, JPMorgan's Marko Kolanovic, Kolanovic Organizations: Treasury, Service, Treasury Bond ETF, Fed, Pershing, CNBC Locations: delinquencies

☆ 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

☆ 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

☆ 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

☆ How high could interest rates go? Where analysts see the 10-year yield headed next
▼ + stars: | 2023-10-03 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The 10-year U.S. Treasury yield has hit its highest level in 16 years, but a host of economists and money managers and investors expect it can go still further. If the 10-year yield broke out convincingly above 5.25%, Ginsberg said it could next move above 7% — although he'd be "shocked" to see yields that high. He assumes that even a 10-year yield above 5% will cause something to go wrong in one corner of the market or the economy. "It's gonna be a challenging environment for investors, for stock investors," Ginsberg said. However, he expects the 10-year yield could stabilize around 4.5% and 5%.

Persons: Ed Yardeni, Rob Ginsberg, Ginsberg, We're, Russell, Katie Stockton, Stockton, Wolfe Research's Ginsberg, Ray Dalio, Yardeni Organizations: Treasury, Yardeni, Research, Apple, Nvidia, U.S ., Bridgewater Associates Locations: Stockton

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