Rising borrowing costs and debt levels could trigger a self-reinforcing fiscal crisis, according to Bridgewater Associates’ boss The UK faces significant fiscal risks due to its rising borrowing costs and increasing debt levels, the boss of the world’s largest hedge fund, Ray Dalio, has warned. Britain’s annual interest payments have surpassed £100 billion (roughly $125 billion), Dalio, the founder of investment management firm Bridgewater Associates, said in an interview with the Financial