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$160 billion hedge fund exec: ‘We’ll probably have a much bigger shakeout coming’

(The Business Insider) One of the most senior figures at the world’s biggest hedge fund is predicting more volatility in global markets after a turbulent few weeks for global markets.

Bob Prince, the co-chief investment water of Bridgewater, told the Financial Times in an interview published on Monday: “There had been a lot of complacency built up in markets over a long time, so we don’t think this shakeout will be over in a matter of days. We’ll probably have a much bigger shakeout coming.”

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