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Bridgewater bets US$6.7-billion against European stocks

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Connecticut-based fund has bet against 21 European companies so far this week, in sectors ranging from finance to energy

. Among its biggest short bets are semiconductor-equipment supplier ASML Holding NV , energy company TotalEnergies SE and drugmaker Sanofi SA .

“When it comes to magnitude of short-selling, we don’t recall any other money manager coming close to this, except for Bridgewater itself,” said Breakout Point, adding that the hedge fund founded by billionaire Ray Dalio had similar bets back in first quarter of 2018 and 2020.

 

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