Gambling on fall European markets increased

amsterdam - One of the largest hedge funds in the world increases its commitment to the fall of European financial markets.

Last week it went for $ 14 billion short on large European companies such as Siemens, ING, Adidas and ASML. That has founder Ray Dalio expanded to $ 22 billion, it reported Thursday.

Bridgewater Associates sees the Italian elections in March as the starting point. It provides for the disintegration of the euro zone due to financial problems in Italy. Dalio now has $ 160 billion under investor management.

This is the top 10 with companies that, according to Bridgewater, are losing the most on the stock market. There are $ 22 billion in short positions, based on their fall in the months ahead by Bridgewater.

1. Siemens

2. Total

3. Allianz

4. BASF

5. Intesa Sanpaolo

6. Banco Santander

7. Enel

8. Eni

9. BNP Paribas

10. Sanofi

Bridgewater has few followers among the large hedge funds in his view of the decline. The economy is showing signs of growth, while stock market prices seem to be in conflict. 'It is not unusual to see strong economies combined with declining stocks and other asset classes,' Dalio said. 'That surprises people who wonder why stocks go down while the economy is strong and they do not understand how this dynamic works. '