Dalio Says Bonds Face Biggest Bear Market in Almost 40 Years

Bloomberg, Released on 1/24/18

Billionaire hedge-fund manager Ray Dalio said that the bond market has slipped into a bear phase and warned that a rise in yields could spark the biggest crisis for fixed-income investors in almost 40 years.

Ray Dalio is an American businessman and founder of the investment firm Bridgewater Associates, one of the world’s largest hedge funds. In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and 2012 he was listed by Bloomberg Markets as one of the 50 Most Influential people. Institutional Investor’s Alpha ranked him No. 2 on their 2012 Rich List. Dalio has been labeled the Steve Jobs of investing.