Bridgewater is betting on a sell-off in corporate bonds this year as the world’s biggest hedge fund takes a gloomy view on the trajectory of the global economy.
The wager against US and European corporate debt underscores Bridgewater’s view that recent weakness across major financial markets will not be shortlived.
“We’re in a radically different world,” Greg Jensen, one of Bridgewater’s chief investment officers, told the Financial Times. “We’re approaching a slowdown.”
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