Bridgewater Hedged European Crisis & Gained 32%: Stocks+ETFs Lists
@MillionaireTiger:
Bridgewater's flagship fund posts gains of 32%In just one week in June, Bridgewater nearly doubled its short bets on European companies to $10.5 billion, making it the most bearish on European stocks in two years.Bridgewater's short-selling of companies such as lithography machine giant $ASML Holding NV(ASML)$, energy giant $Total SA(TTE)$ and pharmaceutical giant $Sanofi SA(SNY)$ is more than $500 million. Hedge fund manager Bridgewater Associates' flagship Pure Alpha 18% volatility fund gained 32.2% in the first half of the year. The fund posted gains in 65% of the markets where it trades, beating a historical average of 55%. Since its inception in 1991, Pure Alpha has returned an average of 11.4% annually. Ray Dalio, billionaire and founder of Bridgewater Associates LP. | Photo: Brian S