Billionaire Ray Dalio’s Bridgewater Sells S&P 500, Amasses $1,020,000,000 in Two Major Assets

Description

Billionaire Ray Dalio’s hedge fund is shedding exposure to the S&P 500 and hedging against the US dollar – while managing to stay on offense. The latest 13F filings show Dalio’s Bridgewater Associates has lowered its stake in the SPDR S&P 500 ETF, a benchmark fund that tracks the performance of the S&P 500. That fund now makes up about 8.5% of Bridgewater’s overall portfolio as of the end of March. Simultaneously, the hedge fund has increased its exposure to SPDR Gold Shares ETF (GLD), an exchan...