Bridgewater Doubles Short Wagers in Europe to $10.5 Billion
- Hedge fund manager has short positions against 28 firms
- Ray Dalio’s firm ramped up its bets in the past week
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Ray Dalio’s Bridgewater Associates has built a $10.5 billion bet against European companies, almost doubling its wager in the past week to its most bearish stance against the region’s stocks in two years.
The world’s biggest hedge fund firm disclosed short bets against 28 companies that include individual wagers of more than $500 million against ASML Holding NV, TotalEnergies SE, Sanofi and SAP SE, according to data compiled by Bloomberg. The total bet is up from $5.7 billion against 18 firms last week, the data shows.