Ray Dalio: The Cycle Is Turning; But He Warns Hedge Funds To Face Further Shocks

Rising populism and geopolitical tensions are driving a change in investor sentiment, which could lead to the end of the current market cycle. That’s according to Ray Dalio, Afsaneh Beschloss and Dmitry Balyasny who aired these views in a wide-ranging panel discussion at the inaugural Greenwich Economic Forum, held at the Delamar Hotel in Greenwich, Connecticut.

Also see Paul Tudor Jones’ dire warning from the same conference

Q3 hedge fund letters, conference, scoops etc

These three figures all bought their own unique investment experience to the discussion. Dalio, who has earned a reputation for himself as one of the world’s most experienced macro traders managing Bridgewater, believes there are many concerns looming over the economy, including geopolitical tensions and the rise of populism. Meanwhile, Afsaneh Beschloss, founder chief executive officer of hedge fund investment firm Rock Creek, has noticed a change in equity market sentiment and believes it’s only a matter of time before the current period of “unprecedented wage stagnation” comes to an end.

Dmitry Balyasny, the founder of hedge fund firm Balyasny Asset Management, also thinks investor sentiment is changing