Bridgewater Holds Modest Short Position In Global Bonds

The ECB’s “insufficient stimulation” for the past years has led to “economies in the region mired in an ugly deleveraging,” a recent Bridgewater Associates second quarter investor letter said.  But “recent policy shifts are unlikely to create a substantial change in conditions in the region.” See Bridgewater returns double stock market as future plans revealed, and sign up for our free newsletter to see more exclusive upcoming stories. The letter outlined the large hedge fund’s currency and bond market positions, both of which were profitable, and charted the path ahead. Bridgewate’s moderately short position in global bonds Bridgewater changed from…