Bridgewater Associates has warned that rising government spending and near-term inflation pressures linked to AI are creating an increasingly challenging outlook for global bond markets, prompting the hedge fund to favour equities over fixed income, according to a report by Bloomberg.
The report cites the Connecticut-based macro manager’s co-chief investment officers — Bob Prince, Greg Jensen and Karen Karniol-Tambour — as saying in a recent investor note that a surge in sovereign debt issuance...
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