Dalio’s Bridgewater Falls Out of Favor at UOB Private Bank

(Bloomberg)
Ray Dalio’s Bridgewater Associates LP, the world’s biggest hedge fund, has fallen out of favor at UOB Private Bank, which advises some of Asia’s wealthiest people.The unit of Southeast Asia’s third-biggest bank has been recommending since around mid-year that clients pull their money from Bridgewater, Chief Investment Officer Neo Teng Hwee said.

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