Betting Against Europe

The world’s biggest hedge fund is positioned for declines in almost half of Germany’s stocks

Ray Dalio’s Bridgewater Associates LP has built up short positions in almost half the stocks in Germany’s DAX Index, with wagers totaling 6 billion euros ($7.4 billion), according to data published in the country’s Federal Gazette. The world’s biggest hedge fund has increased the amount of short bets against European companies to more than $14 billion. The fund is also betting against French energy company Total SA, Italian bank Intesa Sanpaolo SpA and ING Groep NV from the Netherlands.

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