Ray Dalio, founder of the world's largest hedge fund Bridgewater Associates LP, said he is increasingly concerned about the Trump administration's "populist" policies that could hurt the world economy.



The detrimental effects of these policies could be more powerful than the beneficial effects of Trump's pro-business policies, Dalio and co-Chief Investment Officer Bob Prince said on Tuesday.

"We are now in a period of time when how this balance tilts will be more important to the economy, markets, and our well-beings than normally dominant drivers such as central bank policies," Dalio and Prince said in a note.