Bridgewater: "We Are Bearish On Almost All Financial Assets"

One month ago, in a surprising reversal, we reported that Bridgewater was outperforming peers this year even after losing money in April, largely as a result of a a massive derisking, i.e. turning bearish. As Bloomberg further added, the fund had reduced its net long bets on U.S. equities to about 10 percent of assets from 120 percent earlier this year, and added that the entire fund - all $160 billion of it - was reportedly net short equities.