The world’s biggest hedge fund isn’t done betting against European equities.
Bridgewater Associates LP now has wagers valued at $14 billion that stocks will decline in the region after it disclosed a $1 billion short bet against Munich-based engineering firm Siemens AG.
Bridgewater has been building positions against Italian companies including Intesa Sanpaolo SpA, Enel SpA and Eni SpA ahead of national elections in March. The firm is also betting against energy, manufacturing and construction firms in Europe.
Bridgewater founder Ray Dalio warned at the World Economic Forum in Davos last month that the dollar’s recent weakness is adding stimulation to an already stimulated global market.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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