Rebecca Patterson

Since the beginning, we said that that would be a terrible idea. It's such a beautiful place and we need to keep what we have,

After 25-plus years of researching and investing, I've come to realize that my strengths and passion as an investor are best aligned with more discretionary, less systematic approaches."

Bridgewater's institutional investors are bracing for a prolonged stagflationary period — an economic condition marked by slowing growth and high inflation — and are looking to protect their portfolios in the event of "sustained bear markets."

After three years of working with incredibly talented, dedicated, and caring colleagues during unprecedented times for the global economy and markets, I have decided to explore my next chapter at the end of this year.

Bridgewater is "bearish on equities broadly, including the United States, including Europe,"

it is premature to presume that Mr. Powell will pivot into a dovish stance, given commodities and housing have seen some cooling. "The Fed's in a really unenviable place, if they tighten too much, they risk exacerbating the recession," she said. "If they don't tighten enough, they're not going to get inflation where they want it and they could risk their credibility."

"They’re building condos in Hudson, but in the village, so they can also appreciate this without taking it away,