Home Banking & Finance Ray Dalio’s hedge fund makes $22B in short bets against Europe

Ray Dalio’s hedge fund makes $22B in short bets against Europe

Ray Dalio’s Westport-based hedge fund Bridgewater Associates is not keen on Europe, to the point of making a total short bet of $22 billion against some of the continent’s major corporations.

ray dalio bridgewater associates
Ray Dalio

According to a Business Insider analysis of a quarterly 13F document filed by the company on Wednesday, Bridgewater’s largest short bets included $1.03 billion against Unilever, $1.01 billion against Total, $970 million against Siemens, $925.2 million against SAP, $872.2 million against Alllianz, $780 million against Daimler and $339.1 million against Adidas.

Dalio made no public comment on his hedge fund’s short bets nor did he offer any opinion on the near-future of the European economy. However, in a LinkedIn blog posting from earlier in the week, he offered a pessimistic consideration of general economic trends.

“Recent spurts in stimulations, growth, and wage numbers signaled that the cycle is a bit ahead of where I thought it was,” Dalio wrote. “Frankly, it seems to be inappropriate oversight to not be talking about the chances of a recession and what that recession might look like prior to the next election.”

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.


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