Dalio causes stir with $18 billion surge in European short bets
Dalio leads his firm down path few other funds care to trod
Ray Dalio, billionaire philosopher-king of the world's biggest hedge fund, has a checklist to identify the best time to sell stocks: a strong economy, close to full employment and rising interest rates.
That may explain why the firm he created, Bridgewater Associates, has caused a to-do the past two weeks by quickly amassing an $18 billion (€14.4 billion) bet against Europe's biggest companies. The firm's total asset pool is $150 billion, according to its website.
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