Bridgewater bets US$6.7-billion against European stocks

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 92%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Europe stocks up, Asia mixed ahead of U.S. Fed rate hike decisionAsian stock markets were mixed while Europe opened higher Wednesday ahead of a Federal Reserve decision on how sharply to raise interest rates to cool U.S. inflation.
Source: CTVNews - 🏆 1. / 99 Read more »