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Hedge fund manager Dalio cuts risk amid worries about Washington

BOSTON (Reuters) – Billionaire investor Ray Dalio, who has been expressing concerns about President Donald Trump in recent months, said on Monday he was cutting some of his exposure during a time of growing political and economic divisions.

“I’m watching how conflict is being handled as a guide, and I’m not encouraged,” Dalio wrote in a LinkedIn post published on Monday. “I continue to closely watch how conflict is handled while tactically reducing our risk to it not being handled well.”

Dalio, who founded the $ 160 billion hedge fund Bridgewater Associates, was initially confident of Trump’s ability to stimulate growth th…
Reuters: Money