Bridgewater Associates, whose founder Ray Dalio was the world's sixth most profitable hedge fund manager last year, has said it may be interested in participating in the US Treasury's public-private investment programme, having correctly predicted the depth of the banking crisis. Bridgewater joins the likes of Pimco and BlackRock in expressing a wish to participate in the scheme.

Bridgewater, which manages around $80bn (€58.9bn) in assets across all asset classes, said in a letter to clients that it would consider involvement in the PPIP if it can get past the mental block associated with working with the US Government, according to Thomson Reuters.