Bridgewater’s computer models misread the markets for a second year in a row.
Deflation is also a risk, he said.
Some well-known fund managers, sensing the moment, began accepting new capital for the first time in years.
He says the economic impacts of the virus could last 18 to 24 months.
Across the industry, hiring by multimanager shops is on pace with last year’s robust level.
David Tepper and Stan Druckenmiller believe that U.S. stocks are vastly overvalued.
Dalio’s flagship Pure Alpha II hedge fund ended the first quarter down about 20%.
Anthony Scaramucci defends the practice, noting many hedge fund employees aren't rich.
In the second emergency interest-rate cut in two weeks, the Fed slashed its benchmark back to essentially zero.
2019 saw many hedge fund managers leave their funds - or close down altogether.