The largest hedge fund in the world has reportedly staked more than $1 billion that global equity markets will fall over the next three months.
Dalio, however, took to social media later on Friday to dispute the report, saying on Twitter that "It’s wrong. I want to make clear that we don’t have any such net bet that the stock market will fall."
Wall Street Journal spokesman Steve Severinghaus defended the paper's reporting in a statement to CNBC: "The article does not report, as Mr. Dalio says, that Bridgewater has a 'net' bearish position on the stock market. The article made clear that the trade could be a hedge for the firm's significant long exposure to equity markets, among other possibilities," he added.— assembled over months by Goldman Sachs and Morgan Stanley — that give investors the option of selling stocks at a predetermined price by a given date.
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