» Hedge fund Bridgewater mulls U.S toxic asset plan

Hedge fund Bridgewater mulls U.S toxic asset plan

NEW YORK (Reuters) – Bridgewater Associates Inc, one of the world’s biggest hedge-fund managers, said on Tuesday it might be interested in participating in the U.S. Treasury’s public-private investment program, calling it a “big transfer of money from the government to the banks and to the buyers.”

Bridgewater manages roughly $80 billion in global investments for a wide array of institutional clients, including foreign governments and central banks.

In a letter to clients, Bridgewater said its interest in buying the distressed assets under the terms being offered would depend on the pricing and on “whether we can get over our fears of partnering with the government.”

http://www.reuters.com/article/newsOne/idUSTRE52N72R20090324

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