Execs at Ray Dalio’s hedge fund say we’re in a ‘once-in-a-generation’ economic shift that ‘threatens the existing world order’

• Veteran investment experts at Bridgewater Associates say the current economic outlook imperils the existing global hierarchy. In a newsletter obtained by Quartz, the executives criticized the Trump administration’s shift to mercantilism and its “exceptional risks.” The assessment stands in stark contrast to November, when one of Bridgewater’s executives recommended investing in U.S. stocks under Trump.

Chief investment officers at the hedge fund Ray Dalio founded, Bridgewater Associates...