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Bridgewater doubles short wagers in Europe to USD 10.5bn

Ray Dalio’s Bridgewater Associates has built a USD 10.5bn bet against European companies, almost doubling its wager in the past week to its most bearish stance against the region’s stocks in two years.

Ray Dalio, founder of Bridgewater Associates | Photo: BRIAN SNYDER/REUTERS / X90051

The world’s biggest hedge fund firm Bridgewater Associates disclosed short bets against 28 companies that include individual wagers of more than USD 500m against ASML Holding NV, TotalEnergies SE, Sanofi and SAP SE, according to data compiled by Bloomberg.

The total bet is up from USD 5.7bn against 18 firms last week, the data shows.

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