Hedge Funds

Bridgewater warns of looming dollar debacle

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Westport-based Bridgewater Associates has taken the strong view that a faltering U.S. dollar is likely to create shockwaves throughout financial markets, a sentiment it has been repeatedly communicating to its investors in its daily market briefings throughout March.

Such views may be shared by other hedge fund managers. But Bridgewater's commentary to its private investors has attracted the interest of even The New York Times, which this week published selected excerpts from the missives that have had such titles as "The Breakdown of the Dollar System."

In the letters, Bridgewater co-CIO Robert Prince points to grave economic risks posed by