Presentation by Bob Prince, Co-Chief Investment Officer, Bridgewater Associates, at the Board of Trustees Meeting – June 5 – 6, 2014 (starts page 47)
Bridgewater’s Template: Three Big Forces
1. Productivity
2. The Long-term Debt Cycle (50 – 75 Years)
3. The Short-term Debt Cycle (5 – 8 Years)
U.S. Deleveraging
Central Banks Are Printing Across The Developed World
Liquidity Impact
Low Expected Returns
Long-term Expected And Actual Returns Of Assets
Bridgewater: Global Conditions, Asset Returns and Investment Strategy
See full Bridgewater’s presentation via trs.state.tx.us
