Markets

Bridgewater bets €10 billion against European stocks

Leading hedge fund almost doubles its wager in less than two weeks – expecting stock to continue to fall in value

Ibex 35 stocks displayed at Spain’s principal stock exchange at the Palacio de la Bolsa in Madrid, Spain: the world's biggest hedge fund has taken a €10 billion bet against some of Europe’s best-known companies. Picture: Getty

The world's biggest hedge fund has taken a €10 billion bet against some of Europe’s best-known companies, new market data shows.

Bridgewater Associates has been aggressively increasing the size of its bet in recent weeks, having bumped it up from around €5.6 billion the week before last, according to figures from Breakout Point, a data company.

Among the companies that Bridgewater is betting against are the French giants Total and Sanofi; Adidas and Siemens, the ...