Bridgewater Associates: Outlook Still Gloomy

Bridgewater Associates, the world’s biggest hedge fund with $125 billion AUM, retains the gloomy outlook and positioning that has served it so well in the recent past (+44% in 2010, +25% through November 2011). The Wall Street Journal ran an article on Bridgewater with commentary from Robert Prince, the co-chief investment officer. Some excerpts:

“We’re in a secular deleveraging that will probably take 15 to 20 years to work through and we’re just four years in.”┬áIn Europe, “the debt . . .

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