Ray Dalio, who runs the world’s largest hedge-fund firm, the
$130 billion Bridgewater Associates, is in danger of losing his hard-won
serenity. Dalio, known for practicing
transcendental meditation and creating a cult-like atmosphere at the Westport,
Conn., firm, is just weeks away from stumbling to a loss for the year.
The loss comes just 12 months after Dalio achieved
near-genius status for doing what few hedge-fund titans have done: chalking up
two back-to-back years of huge double-digit gains in his main macro fund.
Now, looking to make a comeback, Dalio this week predicted
that interest rates would rise in the latter part of 2013, while suggesting any
fiscal deal would depress the economy….. “
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