Bridgewater’s Prince Sees Rebalancing of Wealth That Favors Asia
(Bloomberg) -- Bob Prince, who helps oversee the world’s biggest hedge fund at Bridgewater Associates, said the world was seeing a rebalancing of wealth that was largely favoring Asia.
“There’s a massive wealth rebalancing going on in the world,” Prince, co-chief investment officer at Bridgewater, said in a Bloomberg Television interview. “There’s a rebalancing between the western hemisphere and the eastern hemisphere in Asia, and there is a rebalancing between asset holders and debtors.”
Prince said that Bridgewater currently favors Asian assets “a lot” across currencies, bonds and stocks. He added that “the rebalancing in the world is going in that direction, but the pricing is actually in the other direction.”
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