Only last week, Bridgewater, the largest hedge fund in the world, increased its short positions on European stocks by more than 4 times.
The fund, run by Ray Dalio, has a short exposure to European stocks worth $13.1bn. Earlier, on February 1, Dalio revealed that he Short of Italian companies and, as the main reason, highlighted the country's upcoming elections, which expects Italy to remain without a stable, stable government.
Over the past week Bridgewater bet more than $1b. that the French oil giant Total will face bankruptcy. Total recorded the largest drop in production in 2017, and this led to a stock cut of 8%. Dalio has also begun building short positions on Airbus, with just over $381m invested so far. Among the other short positions of the fund are bets against BNP Paribas SA, ING Groep NV and Banco Santander SA.
Bridgewater continues to build short positions against Italian banks and insurers before the March elections.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.