Dalio Fund Opens $300 Million Bet Against Italy Energy Firm
- Firm adds to wagers against Italy companies, including banks
- Total bets against Italian companies exceed $1.4 billion
Eni CEO Says Bridgewater Short Is 'No Big Issue'
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Bridgewater Associates is adding to its billion-dollar short against the Italian economy. The world’s largest hedge fund disclosed a $300 million bet against Eni SpA, Italy’s oil and gas giant, data compiled by Bloomberg show.
Bloomberg previously reported that Ray Dalio’s firm had wagered more than $1.1 billion against shares of six Italian financial institutions and two other companies. This latest bet is the hedge fund’s second-largest against an Italian company, trailing only the $310 million against Enel SpA, the country’s largest utility.