Only last week, Bridgewater, the largest hedge fund in the world, increased its short positions on European stocks by more than 4 times.
The fund, run by Ray Dalio, has a short exposure to European stocks worth $13.1bn. Earlier, on February 1, Dalio revealed that he Short of Italian companies and, as the main reason, highlighted the country's upcoming elections, which expects Italy to remain without a stable, stable government.
Over the past week Bridgewater bet more than $1b. that the French oil giant Total will face bankruptcy. Total recorded the largest drop in production in 2017, and this led to a stock cut of 8%. Dalio has also begun building short positions on Airbus, with just over $381m invested so far. Among the other short positions of the fund are bets against BNP Paribas SA, ING Groep NV and Banco Santander SA.
Bridgewater continues to build short positions against Italian banks and insurers before the March elections.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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