Bridgewater’s Giant Bet Against Europe Stocks is Starting to Pay Off
- Firm’s wagers in Europe stand at $9.4 billion: Bloomberg data
- ASML, TotalEnergies, Siemens all down since bets revealed
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Bridgewater Associates’s call against European stocks has had a good month.
Since the world’s biggest hedge fund’s bets were disclosed last month, the large-cap Euro Stoxx 50 index has underperformed major equity benchmarks in the US, the UK and Japan. Among Bridgewater’s biggest short positions, TotalEnergies SE and Siemens AG are down 12% over the period, while ASML Holding NV has dropped 3.3%.