Bridgewater three co-CIOs warn 'exceptional risks' to US assets

HONG KONG (Reuters) -Bridgewater Associates' three Co-Chief Investment Officers said they see "exceptional risks" to U.S. assets under the Trump administration's rapid shift to modern mercantilism that puts "America First". "We expect a policy-induced slowdown, with rising probability of a recession," the Co-CIOs, Bob Prince, Greg Jensen and Karen Karniol-Tambour said in the newsletter. Assets like U.S. equities that benefited from massive inflows due to strong economic growth and a proactive Federal Reserve in old days are facing imminent risks, they said.