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'Loungezaius' by akaMonty
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Unread 2019-11-22, 11:10   #1
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aarkieboy
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Feb 5 2003
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"The largest hedge fund in the world has reportedly staked more than $1 billion that global equity markets will fall during the next three months.

The wager placed by Ray Dalio's Bridgewater Associates would pay off for the firm if either the S&P 500 or the Euro Stoxx 50 or both decline, people familiar with the matter told The Wall Street Journal.

The Journal said the bet uses put options — assembled over months by Goldman Sachs and Morgan Stanley — that give investors the option of selling stocks at a predetermined price by a given date.

The firm paid about $1.5 billion for the contracts, about 1% of Bridgewater's $150 billion in total assets under management, the report said." (More)
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Unread 2019-11-22, 11:41   #2
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ash#
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Here's the thing about hedge fund managers. They are no better at picking winners and losers than anyone else. They are just good at convincing people that they are.
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Go Back   Mechapixel Forums > Main > Aarkie's Corner > World's largest hedge fund reportedly bets over $1B on a big stock market sell off
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