Business & Finance
16 August 2023, 7:58 pm 1 minute
Reuters exclusively reported that Bridgewater Associates’ flagship fund had a bearish view on U.S. stocks in late July just as a rally that saw the benchmark S&P 500 soar this year was about to lose steam, according to a presentation to investors seen by Reuters.
The July 25 investor briefing, a part of which was seen by Reuters and had not been previously reported, showed the hedge fund founded by legendary investor Ray Dalio was “moderately” bearish on U.S. stocks and Treasuries in its Pure Alpha pool.
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Countries: United States
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story