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Tags: dalio | bridgewater | eu | stocks

Dalio's Bridgewater Quadruples Shorts on European Union Stocks

Dalio's Bridgewater Quadruples Shorts on European Union Stocks
(Bridgewater)

Friday, 09 February 2018 04:54 PM

In just one week Bridgewater, the world’s biggest hedge fund firm, more than quadrupled how much it’s betting against European Union companies.

The firm, run by Ray Dalio, has at least $13.1 billion in shorts, or wagers that a stock will fall, according to EU regulatory filings. That’s up from the $3.2 billion it had disclosed in such bets on Feb. 1.

Bridgewater in the past week put more than $1 billion to work betting against oil giant Total SA -- making it the firm’s largest disclosed short holding in Europe. The energy titan has been riding out the biggest industry downturn in a generation by selling assets and cutting spending. The hedge fund also started a bearish Airbus SE position, investing about $381 million against the aircraft maker. Among other short positions, it disclosed wagers against BNP Paribas SA, ING Groep NV and Banco Santander SA.

Since the Feb. 8 regulatory filings, Total has fallen about 1 percent as markets slumped. Airbus, BNP Paribas, ING Groep and Banco Santander have sunk roughly 2 percent.

A spokeswoman for the Westport, Connecticut-based firm that oversees about $160 billion declined to comment. A spokesman for Airbus declined to comment. Calls to Total, BNP Paribas, ING Groep and Banco Santander weren’t immediately returned.

© Copyright 2022 Bloomberg News. All rights reserved.


StreetTalk
In just one week Bridgewater, the world's biggest hedge fund firm, more than quadrupled how much it's betting against European Union companies.
dalio, bridgewater, eu, stocks
210
2018-54-09
Friday, 09 February 2018 04:54 PM
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