Bridgewater’s Jensen: Cash A ‘Viable Alternative’ to U.S. Stocks, Bonds
Reuters posted on Fri 13 Jul 2018 Permalink Print
Bridgewater Associates, the world’s biggest hedge fund, is bracing for a long stretch of underperformance by U.S. stocks and bonds. “U.S. markets are not in long-term equilibrium,” Greg Jensen, Bridgewater’s co-chief investment officer, said in a telephone interview this week. “We believe the next move is into cash, as we believe stocks and bonds are going to perform poorly over the next 18 months.”
Bridgewater’s Jensen: Cash A ‘Viable Alternative’ to U.S. Stocks, Bonds
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