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Hedge fund Bridgwater has bet against these 22 stocks in Europe

Ray Dalio

The Bridgewater boss opened a spectacular short bet.

(Photo: Reuters)

Dusseldorf Bridgewater positioned itself for falling stock markets in a big way. The largest hedge fund in the world has bet on at least 22 European stocks that have fallen this week alone. This is demonstrated by data from the analysis company Breakout Point, available to Handelsblatt. The value of these bets is currently € 6.7 billion. The Financial Times mentioned it for the first time.

When betting on falling prices, also known as short selling, hedge funds borrow shares for a fee and immediately resell them. They are betting that prices will drop and that they can buy back the shares at a lower price before the redemption date. The difference between the selling price and the buying price is the profit.

“When it comes to the extent of the shorting, we can’t think of any other hedge fund that has come close to the current case other than Bridgewater itself,” Breakout Point told Reuters.

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