Ray Dalio’s shrewd $10bn bet on the collapse of European stocks

Ray Dalio’s Bridgewater hedge fund is putting its money on a collapse in European stocks. It’s likely to pay off, says Matthew Lynn.

Ray Dalio of Bridgewater Associates
Dalio: an impressive record for getting it right
(Image credit: © David Paul Morris/Bloomberg via Getty Images)

Bridgewater is one of the biggest money managers in the world, and its founder Ray Dalio has been proved right more often than not. It managed to call the sub-prime crisis correctly slightly over a decade ago and it has consistently outperformed the market since then. Even in the ruthlessly competitive world of hedge funds it is a class act, with a long record of success.

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Matthew Lynn

Matthew Lynn is a columnist for Bloomberg, and writes weekly commentary syndicated in papers such as the Daily Telegraph, Die Welt, the Sydney Morning Herald, the South China Morning Post and the Miami Herald. He is also an associate editor of Spectator Business, and a regular contributor to The Spectator. Before that, he worked for the business section of the Sunday Times for ten years. 

He has written books on finance and financial topics, including Bust: Greece, The Euro and The Sovereign Debt Crisis and The Long Depression: The Slump of 2008 to 2031. Matthew is also the author of the Death Force series of military thrillers and the founder of Lume Books, an independent publisher.