Ray Dalio Says He Isn’t Shorting the Market

November 25, 2019 | Hedge Funds, Investments, News

In a Tweet Friday, the Bridgewater Associates chief sets the record straight.

Bridgewater Associates’ Ray Dalio said Friday that his hedge fund isn’t shorting the markets. In a Tweet, Dalio refuted a Wall Street Journal report that his fund had made such a bet. The Journal said Friday that his firm built a $1.5 billion bet that the markets will fall by March 2020.

“It’s wrong. I want to make clear that we don’t have any such net bet that the stock market will fall,” Dalio wrote.

Bridgewater Associates’ Ray Dalio on the Journal

Dalio took the writer to task and suggested that the article failed to match the headline.

“We explained to Juliet Chung, the author of the article, that to convey us having a bearish view of the stock market would be misleading, but it was done anyway,” Dalio wrote.

“I believe that we are now living in a world in which sensationalistic headlines are what many writers want above all else, even if the facts don’t square w/ the headlines,” Dalio continued. “You can believe me, or you can believe The WSJ writer. I hope you have come to know that you can believe me.

The Wall Street Journal stood by its reporter.

“The Journal’s article is based on interviews with multiple sources, and we stand by the conclusions we reported,” WSJ spokesman Steve Severinghaus told CNBC.

Related: Ray Dalio Calls Next Economic Downturn the “Great Sag”

 

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