The short sellers are betting on falling prices in Europe.
(Photo: dpa)
New York Bridgewater is apparently pessimistic about the economic prospects for Europe. The hedge fund launched bets on falling European stocks worth at least $6.7 billion, data provider Breakout Point said on Thursday. No other asset manager speculates nearly as aggressively in this direction. At the beginning of 2018 and 2020, Bridgewater also bet heavily on a bear market.
From the asset manager’s mandatory publications, it can be concluded that he has currently “shorted” shares in 21 European companies, Breakout Point said. In so-called short selling, investors borrow shares in order to sell them immediately. They are betting that they can stock up on the papers more cheaply by the return date. They pocket the difference as profit.
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