Bridgewater places $1.5B bet on market crash by March - report

Friday, 22. November 2019 13:37

Bridgewater Associates LP has bet around $1.5 billion that either the S&P 500 or the Euro Stoxx 50 will fall by March next year, Wall Street reported on Friday citing sources.

The bet is made up of put options that are tied to around $100 billion worth of indexes, according to the sources. The report did not cite the reason behind the bet, however, some money managers predicted a market crash in case Elizabeth Warren wins the Democratic Party nomination, the report added.

Bridgewater responded to the claims by saying: "We have no positions that are intended to either hedge or bet on any potential political developments in the US."

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