Big Bond Players Point to Similarities with 1998

Summary

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NEW YORK (HedgeWorld.com) - The soaring U.S. stock market has apparently priced in a Goldilocks scenario where both inflation and economic growth are just right. But some major money managers, notably those with a bond orientation, continue to warn of danger ahead.

This group includes Ray Dalio, chief investment officer of Bridgewater Associates Inc., the $150 billion institutional manager that runs $30 billion in hedge funds. While Bridgewater invests across various markets, initially its core business was fixed income and foreign exchange.

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Big Bond Players Point to Similarities with 1998

Bill Gross, managing director of the big bond player Pimco, is another bear. December commentaries from Messrs. Dalio and Gross took similar tacks, arguing that hedge fund leverage ha...

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