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Nir Kaissar

Ray Dalio's Short-Bet Puzzle Is Missing Some Pieces

Bridgewater could be overlooking the full picture if it's relying solely on European economic data.
Photographer: Fox Photos/Getty Images

Hedge fund titan Ray Dalio is famously enigmatic, but his latest wager may be the most puzzling yet.

Bloomberg News reported on Thursday that the fund Dalio founded, Bridgewater Associates, has made a $22 billion bet that many of Europe's biggest companies in the blue-chip Euro Stoxx 50 Index are poised to decline.