June 23, 2022
17:29
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Notorious fund manager Ray Dalio has increased his short position in European equities to more than $10 billion.
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The American investor Ray Dalio is not the first one. He is the founder of Bridgewater Associates, the largest hedge fund in the world with $150 billion in assets under management.
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Dalio has gone ‘short’ on several European stocks for about 6.7 billion dollars with Bridgewater, it was announced last week. That means he is speculating on a decline in those shares. He has expanded that short position to – just swallow – 10.5 billion dollars.
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Among the 28 European companies that Dalio is targeting, there are roaring names. Including the chip machine manufacturer ASML
from farmareus Sanofi
and the oil producer TotalEnergies
are the hare.
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