Bridgewater, the massive hedge fund run by Ray Dalio, has increased its positions in emerging-market exchange-traded funds.

Here are his EM ETF investments, according to his SEC filings:

Its position in EEM climbed to $2.5 billion during the fourth quarter, from $1.4 billion at the end of the previous quarter, while its stake in VWO rose to $3 billion from $2 billion.


Its position in the iShares MSCI Brazil ETF (EWZ) increased by more than 50% to $156.6 million from $62.3 million previously.

The problem is that his fund’s quant-driven strategies are so complex that its hard to know whether these are actually bets on emerging markets or on something else completely different.

Source: Barron’s

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One Response to Is Ray Dalio’s hedge fund Bridgewater betting on Brazil?

  1. frank stein says:

    Maybe a bet in short term currency appreciation in emerging markets such as Brazil. Higher interest rates will attract short term capital for a short burst before the tumble.

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