Ray Dalio's Biggest Italian Short Target Intesa Up for Fight
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The more billionaire hedge-fund manager Ray Dalio’s Bridgewater Associates bets against Intesa Sanpaolo SpA’s stock, the more the investor is set to lose, according to the Italian bank’s chief executive officer.
Intesa became Bridgewater’s biggest short bet in Italy as the company tripled its negative wagers against companies in the country over the last three months. The lender, one of the few banking stocks to rise amid global turmoil this week, will win the battle, CEO Carlo Messina said in an Bloomberg Television interview on Thursday.